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Analysts said the central bank's intention to keep liquidity stable is clear and Tuesday's operations will help ease the short-term liquidity squeeze.

Analysts pointed out that robust domestic consumption activity and summer travel season demand resulted in the monthly CPI figure, as consumption strength backed price increases in transportation, tourism and other service-related sectors.

Anbang's risk settlement is nearing completion under the country's financial stability department, Pan Gongsheng, vice governor of the central bank, told a Monday briefing.

An older model performs at the annual stage extravaganza of a training institution for models in Harbin, Heilongjiang province. [Photo by Liu Yang/For chinadaily.com.cn]

And on global economic status, about half of Filipinos (49 percent) say that the US is still the leading economic power, but that is down from 66 percent who said so in 2015. A quarter now name China as the world's leading economy, up from 14 percent the last time the Philippines was surveyed.