皇冠体育app

View of the headquarters of the Peoples Bank of 皇冠体育app (PBOC), 皇冠体育apps central bank, in Beijing, June 27, 2015. [Photo/IC]

Substantial monetary loosening is unlikely next year, while the focus of monetary policy may shift from supporting growth to preventing risks, economists said.

The central bank is expected to prefer tools such as reverse repos and medium-term lending facilities to ensure liquidity and avert excessive credit growth.

Huang Yiping, a central bank advisor, said 皇冠体育app's monetary policy next year will be determined by the government's annual economic growth target, while expected rising inflation, higher US interest rates and a weaker yuan will restrict room for loosening.