Bloomberg News

China to Maintain Prudent Monetary Policy, PBOC Adviser Says

November 30, 2011

Nov. 30 (Bloomberg) -- China will maintain a prudent monetary policy next year with some fine-tuning, Xia Bin, a central bank adviser and researcher at the State Council’s Development Research Center, said in Beijing today.

Fine-tuning doesn’t mean a loosening of credit or overall monetary aggregates, or a loosening of property curbs, he said. Nor does it mean adjustments to reserve ratios or interest rates, he said.

Fine-tuning means adjustments to areas lacking financial support such as small and medium-sized enterprises and loans to agriculture, Xia said at a conference.

To contact the editor responsible for this story: Nerys Avery at navery2@bloomberg.net


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