China will pursue “neither loose nor tight” monetary policy to ensure basically stable liquidity, People’s Bank of China Deputy Governor Chen Yulu said. The central bank will continue to implement “prudent and neutral” monetary policy, and create a “neutral and moderate” financial environment for supply-side reform, Chen told the Tsinghua PBCSF Global Finance Forum in Beijing Saturday. Intensified measures by policy makers to cut financial leverage have spurred concerns over excessive tightening. The PBOC started to boost the cost of its money-market loans in the third quarter of last year, after the previous ... (full story)