BEIJING, April 3 (Xinhua)
-- China's central bank has warned
of uncertainty in future inflation
levels while saying the country has
maintained steady economic growth, according
to a People's Bank of China
(PBOC) statement on
Wednesday.
In its regular
quarterly meeting for January-March, the
Monetary Policy Committee of the PBOC
has reiterated a stable macro monetary
environment to follow the prudent
monetary policy, keep policy continuity
and stability while making it more
forward-looking, targeted and flexible,
according to the statement.
The
monetary policy should make a balance
between ensuring steady and robust
economic development, adjusting the economic
structure, and managing inflation
expectations, said the
statement.
Due to rising food
prices during the Spring Festival
season, China's annual consumer
inflation rate rebounded to a 10-month
high of 3.2 percent in February,
according to data from the National
Bureau of Statistics.
The PBOC
statement also vowed to further
liberalize interest rates and facilitate
reform of the renminbi exchange rate
formation regime to keep the yuan
basically stable at "reasonable and
equilibrium level."
The PBOC
did not specify when the meeting
was held but said six councilors
of the 15-member committee were absent
due to other official
duties.
The committee, headed
by PBOC governor Zhou Xiaochuan, said
the global economy is recovering a
little bit but still faces
"complicated" situations.
The
committee stressed close monitoring of
the latest developments in international
and domestic economy and financial
markets, as well as changes in
the flow of global
capital.
The committee said the
management over liquidity must be
strengthened to encourage a steady and
appropriate growth in credit and
social financing and optimize the
allocation of financial
resources.
The structural problems
of the supply-and-demand of credit
need to be solved to guard
against financial risks and make
easier access of financial services
for the physical economy.
（Editor：MaXi、Wang
Jinxue）
