China's economy, inflation trend stable
BEIJING (Reuters) - China's central bank said on Tuesday that it will "fine tune" policy to cushion the economy against global risks while closely watching the possible impact from recent policy loosening in the United States and Europe.
"We will continue to implement prudent monetary policy, make policies more targeted, flexible and forward-looking, while fine tuning policy according to the economic situation," the central bank said in a statement after its third-quarter monetary policy meeting.
"We will use various policy tools to guide the steady and appropriate growth in money and credit and maintain reasonable social financing aggregate," the central bank said, adding that it will improve financial resource allocation and resolve the structural distortions in credit supply and demand.
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