CHINA’S central bank met with several prominent economists in the country to talk through ways of making monetary easing on the economy more effective.

People’s Bank of China Deputy Governor Lu Lei attended the seminar with experts including Zhu Baoliang, chief economist at a government think tank called the State Information Center, Li Daokui, a former adviser to the central bank and Wu Ge, chief economist at Changjiang Securities Co., according to a statement posted late Wednesday on the central bank’s website.

The economists “provided constructive opinions and suggestions” about how to smooth out the transmission of monetary policy, as well as enhance policy coordination, better guide market expectations and prevent and resolve financial risks, according to the statement.

The central bank did not provide a date for the event but said it happened “recently.”

Real borrowing costs in the world’s second-largest economy have soared and are expected to stay high this year due to lingering deflation pressures, adding to the government’s challenges as it tries to boost growth momentum.

At an annual work conference earlier this month, the central bank vowed to “forcefully and effectively” support the stable and high-quality development of the economy. It also said it would enhance counter-cyclical adjustments. (SD-Agencies)