China to adjust liquidity, keep credit growth steady

China’s central bank pledged on Sunday to use a mix of policy tools to adjust banking liquidity to ensure steady credit growth, in an apparent bid to soothe market concerns about tighter monetary conditions.

The central bank will “use a mix of price and quantitative policy tools to adjust liquidity in the banking system and guide steady and appropriate growth in money, credit and social financing”, it said in a statement on its website.

via Business feed http://www.scmp.com/business/economy/article/1282511/china-adjust-liquidity-keep-credit-growth-steady