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BEIJING, June 25 (Reuters) - The People's Bank of China will stick to an appropriately easy monetary policy to support an economy that is heading in the right direction but is not yet on a solid footing, the central bank said on Thursday.
In a summary of the conclusions drawn at its second-quarter monetary policy committee meeting, the central bank indicated that it was open to fine-tuning its policy stance to cope with what it described as a grim external environment.
"We should fully implement our package of policies in response to the global financial crisis and make necessary improvements and adjustments on a continuous basis as the situation develops," the bank said on its website, www.pbc.gov.cn.
Its description of the economy was in line with recent comments by Premier Wen Jiabao, who has tempered his positive assessments with warnings that external demand remains weak.
"The economy is currently showing positive changes with a growing number of favourable developments and positive factors. The overall situation is stabilising and improving," the summary said.
The PBOC said it would ensure reasonable growth in money and credit but would strictly control lending to industries that pollute a lot, guzzle energy and are suffering overcapacity.
"Greater efforts are needed to smoothly coordinate fiscal, monetary, trade and industrial policies to ensure stable and relatively fast economic growth," the central bank said. (Reporting by Zhou Xin, Langi Chiang, Aileen Wang and Alan Wheatley; Editing by Ken Wills)