Off the wire
• 1st LD: Fire breaks out at India's Parliament compound  • Provincial official calls on Iraqi gov't to stop burning Sunni homes in Salahudin  • Urgent: Fire breaks out at India's Parliament camp  • Air China to increase capacity to U.S. cities from May  • China to unleash new growth vitality for "new normal" economy: official  • Commentary: Grey Lady's sour grapes on AIIB  • Qatar Emir to visit Pakistan to promote bilateral cooperation  • Mummified Buddha shown in Hungarian stolen from China: government  • Feature: Grand champion buyers steer prize back to world's largest rodeo  • Mexican wrestler killed by hit in the ring  
You are here: 　 Home

China's monetary policy still quite prudent: PBOC chief

Xinhua, March 22, 2015 Adjust font size:

China's monetary policy is still "quite prudent" in spite of recent cuts of the reserve requirement ratio (RRR) and benchmark interest rates for banks, central bank governor Zhou Xiaochuan said Sunday.

The wave of RRR and rate cuts beginning in November last year have prompted speculation that China's monetary policy has turned from "prudent" to "loose" as downward pressure on growth continues.

"Judging from the speed of credit expansion and aggregate credit supply expansion, China's monetary policy is still quite prudent," Zhou said at the ongoing China Development Forum.

A prudent monetary policy in the context of a "new normal" economy should be both supportive of economic growth and promoting structural reforms, he added. Endi