BEIJING - The People's Bank of China (PBOC), or the central bank, announced on Tuesday it would continue the moderately loose monetary policy and make it better-targeted and more flexible in the coming months of this year.
Manufacturing continues to expandThe central bank said it would gradually implement market-orientated reform of interest rates and keep the renminbi exchange rate basically stable.
In addition, the central bank said uncertainties about price trends were increasing and capital inflows would increase as developed economies recovered from the financial crisis.
China has implemented a moderately loose monetary policy over the past two years amid the global economic downturn. The country has raised its banks' reserve requirements four times and lifted interest rate once.
