PBOC's Ma Says to Maintain Moderately Loose Monetary Policy, News Reports

Ma Delun, a deputy governor of China’s central bank, said the nation will maintain moderately loose monetary policy in the second half of this year, the Financial News reported today.

China will also maintain the stability and continuity of monetary policy in the second half, Ma was cited as saying during a meeting in Shanghai. The nation will also work to improve the focus and flexibility of economic control policies, Ma was cited as saying.

The nation will also work to further improve the yuan’s exchange rate mechanism, Ma was cited as saying. The Financial News newspaper is published by China’s central bank.

To contact the reporter on this story: Zhe Huang in Beijing at zhuang37@bloomberg.net

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