PBOC to implement normal monetary policy, to closely monitor price trends, said inflationary pressure largely manageable

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China's central bank said it will continue with prudent monetary policy, making it more flexibility, targeted and appropriate and stressed it will not resort to flood-like stimulus to boost economic growth.

The People's Bank of China (PBOC) will implement a normal monetary policy and do a good job in designing cross-cyclical policies, according to its second-quarter monetary policy report released on Monday.

The so-called cross-cyclical adjustment will require the government’s macro policies to set aside policy space for future uncertainties, analysts say.

The central bank . . .

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