PBOC’s Ma: Monetary policy is also aimed to consider the impact of loan growth on price trends

PBOC’s chief economist Ma Jun was on the wires last minutes, commenting on the central bank’s monetary policy and high loan growth rate in Q1.

Key Quotes:

There were periodical and cyclical factors behind the relatively high growth rate of loans in the first quarter

Current monetary policy is mainly aimed at creating conditions for stabilizing growth but also to avoid future macro-economic including excessive corporate leveraging, and to consider the impact of loan growth on price trends