The third-quarter monetary policy report, released by the People's Bank of China on Wednesday, cautioned against any potential rise in inflationary pressure going forward, although there has been a recent deceleration in price growth.
The People's Bank of China, the country's central bank, cut key policy interest rates by 10 basis points on Monday, a move aimed at helping facilitate the country's economic recovery.
China's central bank is expected to pay more attention to keeping inflation in check during the rest of the year while sustaining support for economic growth, experts said on Thursday.
The country's central bank is accelerating efforts to promote amending of the Law of the People's Republic of China on the People's Bank of China, said Liu Honghua, head of the PBOC's legal affairs department, in an article.
The PBOC said that the renewal would help deepen bilateral financial cooperation, facilitate trade and investment, and maintain the stability of the financial market.