No change in current 'loose' monetary policy: PBOC

China doesn't have a timeline for ending its "loose" monetary policy, a central banker said yesterday ahead of data likely to show the nation's economic recovery is strengthening.

China will maintain its policy stance "at present", Ma Delun, deputy governor of the People's Bank of China, told reporters in Mumbai, speaking through a translator.

The banks have flooded the economy with a record $1.27 trillion of new loans this year, driving a recovery at the risk of asset bubbles and resurgent inflation. The State Council pledged on Oct 21 to maintain a "moderately loose" monetary policy, balancing the need for growth with managing "inflationary expectations".