Tighter monetary policy needed: research agency

Updated: 2013-02-28 14:40

(China Daily)

  Comments() Print Mail Large Medium  Small 分享按钮 0

China needs to lean toward a tighter monetary-policy stance as the economy faces risks from excessive liquidity and credit, according to a research unit of the nation's top economic-planning agency.

Authorities should drain more cash from the financial system to manage liquidity, and regulators need to enhance said banks' off-balance-sheet business, the State Information Center, a research arm of the National Development and Reform Commission, in a report published on Wednesday in the China Securities Journal.

US easing spurs inflation fears

Money-market rate rises on bets of funds drain

China may tighten credit policy in H2: UBS

China may stick to prudent monetary policy