China's central bank plans to better control the amount of cash in the financial system, put macro-economic control measures on more solid footing and gradually allow the yuan more flexibility. The measures were included in a summary published Wednesday from a meeting held earlier in the week, Reuters reported. "We need to maintain the continuity and stability of financial tightening measures," the summary quoted People's Bank of China vice-governor Xiang Junbo as saying. "We should strengthen management of liquidity and improve the conducting of monetary policy, in order to reasonably control growth in money supply and credit." The PBOC has raised interest rates two times and hiked reserve requirements for banks four times since April 2006. Growth in the M2 measure of the money supply went down to 16.9% in December from 18-19% throughout much of the year.