Half of China's bankers think that the current monetary policy is too loose, and 60% of bankers believe the monetary policy will maintain the status quo, according to a survey by the People's Bank of China (PBC) released on Friday.
The survey completed by PBC and State Statistics Bureau showed that 47.6% of bankers view the monetary policy in the second quarter as appropriate, 2.3% lower than that of the first quarter.
Another 49% of bankers hold that it's simply loose, up 3.9% from last quarter. Meantime, 57.4% of bankers believe the monetary policy will maintain the status quo in the third quarter, 7.1% up from a quarter earlier.
China maintained the credit growth in May, PBC said. The RMB loan increased by RMB 660 billion ($99.6 billion) in May, and the total growth sums up to RMB 5.84 trillion ($854 billion)in the first five months of 2009, RMB 3.72 trillion ($544 billion) up from a year earlier.
The survey says 40% of bankers believe China's macro-economic situation is normal in the second quarter with a 14.4% increase sequentially.
The expectations index for the next quarter is 39.1%. This is 5% higher than the preceding quarter, ending the decline trend in six consecutive quarters.
The growth of loan demand has slowed down in the second quarter from the first one. The load demand for agriculture, manufacture has declined slightly, while the demand for individual housing loan and auto loan continues the rapid growth.