Currency stability key goal of 2019 monetary policy

Sustaining domestic growth, with an added focus on currency stability and a robust financial system, will be the key goals of the nation's monetary policy for next year, a top central bank official said.

Speaking at a forum on Thursday, Yi Gang, governor of the People's Bank of China, the central bank, said that moderate easing of monetary policy would act as a buffer against negative effects when the economy slips into a downside cycle.

Interest rates will be the key tool for the PBOC to achieve its policy goals, which will gradually replace the current method of adjusting the total money supply, he said.