China to keep policy “moderately loose”; hint at yuan appreciation

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The People's Bank of China said it would maintain "moderately loose" monetary policy for the foreseeable future in its quarterly monetary policy statement published on Wednesday.

The central bank said its broadly accommodative stance would be retained to safeguard steady economic growth in the face of adjustments in the financial sector. Xinhua, China's state-run news agency, quoted the central bank as saying that it would "make policy more flexible and sustainable and keep it abreast of the eco

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