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"The statements are much less thematic than a year ago, when they moved from a moderately loose to a prudent stance.
The move came just one week after China's top leaders announced a shift to a "prudent" monetary policy from the previous "moderately loose" stance.
On December 3rd the Politburo of the Chinese Communist Party said it would pursue a "prudent" monetary policy in 2011, having followed "a moderately loose" policy this year.
The move, well anticipated after China's top leaders planted the task of taming inflation at the top of their agenda, underscored the central bank's shift to "prudent" monetary policy in December, from its previous "moderately loose" stance.
China's central bank said Thursday that it would remain "flexible" next year in its use of financial tools to manage the economy, and would continue its pursuit of "moderately loose" monetary policy," TradeTheNews.com reported.
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