China to continue prudent monetary policy: PBOC

BEIJING - China will continue prudent monetary policy, according to the country's central bank on Tuesday.

The People's Bank of China (PBOC) will use a variety of policy tools to fine tune the market, keep moderate liquidity and achieve reasonable credit and private financing growth, according to a statement released after a meeting attended by presidents of its branches to map out major tasks in the second half of this year.

The statement came after rising concerns that policymakers may tighten the monetary policy as inflation has shown signs of warming due to an unexpectedly sharp increase in pork prices.

The central bank said it will continue to improve lending structure, lower financing costs, keep the yuan stable, stabilize financial market expectations and boost the real economy.