Nation to maintain largely stable monetary policy

China will keep its monetary policy largely stable by providing reasonably ample market liquidity and will maintain strong policy support for the economic recovery, central bank officials said on Friday.

While the rapid rebound of the world's second-largest economy may reduce the possibility of imminent interest rate cuts by China's central bank, policymakers will likely maintain the necessary intensity of monetary support and ensure lower financing costs for companies in order to guard against any unexpected shocks that could disrupt China's economic recovery, analysts said.

Yi Gang, governor of the People's Bank of China, said that the central bank will keep the overall amount of credit supply at an appropriate level and will consolidate the benefits of lower interest rates for the economy while increasing monetary support for smaller businesses, green finance and technological innovation. He made the comments at a news conference in Beijing.