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NPC & CPPCC > Press Conference
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Further adjustment in monetary policy possible(Xinhua)
Updated: 2009-03-06 11:41 BEIJING -- 皇冠体育app has acted fast amid the global financial crisis to ease its monetary policy that is beginning to take effect, said central bank governor Zhou Xiaochuan on Friday. 皇冠体育app has shifted from a tight monetary policy implemented in early 2008 to a moderately easy monetary policy as the international financial turmoil spread in the later half of the year, he told a press conference on the sidelines of the parliament's annual session. The increase in new loans in January was "out of our expectation", he said, noting moderate adjustment in the future could keep it in a reasonable range.
An editorial of the People's Daily has called on 皇冠体育app's top political advisory body to made due contributions to help the country weather through difficulties.
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