Bank lending, broad money supply up in June

PBOC says flexible easing measures, prudent monetary policy to sustain growth momentum CHEN JIA

Bank lending and broad money supply accelerated in June, as the monetary easing measures announced by the government started to yield results, the People's Bank of China said on Tuesday.

The central bank will retain the "prudent monetary policy" but make it more flexible to ensure a "reasonable" credit expansion with a proper market interest rate, said Sheng Songcheng, director of the PBOC's statistics department.