Monetary policy to stay on even footing

Don't interpret use of tools as change in stance, says PBOC vice-governor

China has no intention of tightening or relaxing its monetary policy, a central bank vice-governor said on Thursday. Analysts said such a stance is reasonable as the economy has stabilized in the first quarter.

"The central bank does not intend to tighten it, nor does it intend to loosen it," Liu Guoqiang, vice-governor of the People's Bank of China, told reporters at a news briefing.