The Chinese central bank has pledged to maintain a “prudent monetary policy” while pushing ahead reasonable growth in loans and private financing.

The People’s Bank of China said on Wednesday – after a quarterly meeting of its monetary policy committee – that the nation’s economy is “still running within a proper range” but faces “complicated situations”.

In a statement quoted by the state-run news agency Xinhua, the central bank said: “[We will] continue to maintain a prudent monetary policy… and use various monetary tools to maintain moderate liquidity to achieve reasonable growth in credit and social financing”.

The central bank announced in November the first interest rate cut in more than two years to boost private financing.

The monetary policy committee on Wednesday also said it would continue to push interest rate reform.