Central bank aims for stability in monetary policy

China Daily (Europe) | Nov 17, 2019 at 12:00 AM
  • China’s central bank is determined to maintain a prudent monetary policy stance, but it can be slightly adjusted according to changes in economic growth and price levels, to prevent “the divergence of inflation expectation,” according to its quarterly issued report on Saturday.
  • The monetary policy should strike a balance between the total amount and structural adjustments, and improve the efficiency of the monetary policy transmission system.
  • The loan prime rate, the new benchmark which has been used for newly issued bank loans, will be introduced to outstanding loans.