China will continue prudent1 monetary2 policy, according to the country's central bank on Tuesday.
中国人民银行周二宣布,中国将继续实施稳健的货币政策。
The People's Bank of China (PBOC) will use a variety of policy tools to fine
tune3 the market, keep moderate
liquidity4 and achieve reasonable credit and private financing growth, according to a statement released after a meeting attended by presidents of its branches to map out major tasks in the second half of this year.
The statement came after rising concerns that policymakers may
tighten5 the monetary policy as inflation has shown signs of warming due to an unexpectedly sharp increase in pork prices.
The central bank said it will continue to improve lending structure, lower financing costs, keep the yuan stable,
stabilize6 financial market expectations and boost the real economy.