China will guarantee the steady growth of credit: PBOC

China will apply multiple instruments to guarantee the "steady" growth of credit and aggregate social financing, while maintaining a "prudent" monetary stance, the central bank said on Friday.

The People's Bank of China said in a statement after its fourth-quarter monetary policy committee meeting that the positive factors in the economy continue increasing, and that the current inflation situation is relatively stable.

But the global economy is still weak and uncertainties still exist, it added.

It vowed to encourage direct financing to play a bigger role in social financing, while continuing to promote interest rate and exchange rate reforms, and keep the country's currency stable.

Lu Zhengwei, chief economist at the Industrial Bank, said that PBOC's statement clearly highlighted the stability of its future policies, which would facilitate a smooth reshuffle of senior positions after the new leadership was appointed in November.