China to Maintain Relaxed Monetary Policy

From Reuters:

China will continue to implement a relaxed monetary policy and keep sufficient liquidity in the banking system, the People’s Bank of China said on Sunday.

The statement appeared to be the central bank’s response to new data released on Saturday, which showed new yuan loans and money supply growth both surged to record highs in March.

“We must continue with macro-economic controls set by the central party committee and state council, implement a moderately relaxed monetary policy, maintain continuity and stability of monetary policy,” the bank said in a statement after a routine meeting to review economic performance in first quarter.

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