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"Stability" will remain the core goal...>

CHINA PRESS
CHINA PRESS: "Stability" will remain the core goal of future monetary policy,
the Financial News, a journal run by the People's Bank of China, reported
Wednesday, citing analysts. The PBOC always conducts its operations to maintain
the stability of liquidity in the interbank market and uses a series of monetary
instruments in a flexible manner to ensure that liquidity is "neither loose nor
tight," the report noted. The central bank also carries out fine-tuning
operations and manages market expectations to avoid excessively tight or loose
liquidity, the report said. (Financial News)

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