Policy loosening 'likely' to prompt economic growth

Policymakers may resort to slight monetary loosening in the second quarter to stimulate growth, economists said.

They made the prediction after newly released figures showed that the rate of inflation eased in March while industrial growth faced challenges.

The consumer price index, the major gauge of inflation, grew 2.1 percent in March from a year earlier, down from 3.2 percent in February, the National Bureau of Statistics said on Tuesday.