Monetary policy stable despite tweaks
By Chen Jia | China Daily | Updated: 2018-07-06 09:14
China's monetary authority plans to keep its prudent and neutral stance unchanged, despite the recent fine-tuning of the country's monetary policy, central bank officials said.
After the Financial Stability and Development Committee met on Monday, analysts expected its key tasks in the near future to be controlling financial deleveraging, ensuring "reasonably adequate" liquidity and fending off any market panic.
They said the targets will be met by applying structural tools and controlling the total money supply. Central bank advisers have denied that the recent fine-tuning of monetary policy is a signal of a broad easing of liquidity.
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