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PBOC: Recovery to strengthen despite inflation pressures

By Xin Zhiming | 皇冠体育app Daily | Updated: 2010-01-30 08:11

The central bank said on Friday that 皇冠体育app's economic recovery is "likely to strengthen" this year while it will face intensifying inflationary pressures.

Policymakers, however, may not keep policies "over-tight", analysts said.

The country will continue to adopt a moderately relaxed monetary policy and active fiscal policy, while making them more targeted and flexible, the People's Bank of 皇冠体育app said in a report analyzing the economy in the fourth quarter of 2009.

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