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PBOC Governor: Overall Social Financing Conditions Relaxed; Flexible, Efficient Use of RRR Cuts and Interest Rate Cuts as Monetary Policy Tools
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In the past two months, approximately RMB2 trillion of medium and long-term funds were net injected through various open market tools, Pan Gongsheng, Governor of the People's Bank of China (PBOC), said at the economic-themed press conference of the Fourth Session of the 14th National People's Congress. Overall, social financing conditions remained relaxed, with the total financial volume growing reasonably. In 2026, the PBOC will implement a moderately loose monetary policy, flexibly and efficiently using various monetary policy tools such as reserve requirement ratio (RRR) cuts and interest rate cuts to leverage the integrated synergistic effects of incremental and stock, monetary policy, and fiscal policy, Pan said. In the meantime, short, medium, and long-term policy tools will be comprehensively utilized to ensure ample market liquidity, aligning the growth of the social financing scale and money supply with the expected targets of economic growth and price levels. AASTOCKS Financial News Website: www.aastocks.com |
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