The central bank will use a variety of monetary policy tools to lower the reserve requirement ratio and interest rates in a timely manner to maintain
the Party Committee of the People's Bank of China held a meeting. Pan Gongsheng, the Secretary of the Party Committee and Governor of the People's Bank of China, presided over the meeting. The meeting emphasized the implementation of moderately loose monetary policy. Comprehensive use of various monetary policy tools, timely reduction of reserve requirements and interest rates, maintaining ample liquidity, and matching the growth of social financing scale and monetary supply with the expected targets of economic growth and price levels. Guiding banks to fully meet effective credit demand and enhancing the stability of credit growth. Strengthening the execution and transmission of interest rate policies, promoting the stability of comprehensive financing costs in society. Enhancing the resilience of the foreign exchange market, stabilizing market expectations, and maintaining the basic stability of the RMB exchange rate at a reasonable and balanced level.
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