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Central bank vows more policy coordination to maintain growth, forestall risks

Updated: Apr 15,2019 7:54 PM     Xinhua

BEIJING — China’s central bank said on April 15 that it would strengthen coordination between monetary, fiscal and other policies to keep growth stable and forestall risks.

The People’s Bank of China will continue its counter-cyclical adjustments while making monetary policy forward-looking and fine-tuned, it said in a statement issued after a quarterly meeting of the monetary policy committee.

The prudent monetary policy should be “neither too loose nor too tight,” while liquidity will be kept at a reasonable and ample level, it said.

The central bank will not adopt strong stimulus policies, it said.