China to continue prudent monetary policy

TOKYO, Aug 4 (KUNA) -- China will continue prudent monetary policy, according to the country's central bank on Tuesday, according to state-run Xinhua News Agency. "The People's Bank of China will use a variety of policy tools to fine tune the market, keep moderate liquidity and achieve reasonable credit and private financing growth," the bank said in 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 tighten the monetary policy as inflation has shown signs of warming due to an unexpectedly sharp increase in certain meat prices, the report said.
The central bank pledged to continue to improve the lending structure, lower financing costs, keep the yuan stable, stabilize financial market expectations and boost the real economy. (end) mk.ajs