Latest Search
Quote
| Back Zoom + Zoom - | ||||
|
PBOC Needs to Enforce Appropriately Loose Monetary Policy, Cut RRR & Interest Rate at Optimal Time
Recommend 1 Positive 4 Negative 1 |
||||
|
||||
|
The fourth quarterly meeting of the Monetary Policy Committee of the People's Bank of China (PBOC) for the fourth quarter of 2024 was held on December 27, 2024. According to the analysis of the meeting, the economy of the mainland China is running steadily overall, with progress being made amidst, and high-quality development is being pushed ahead solidly. However, the mainland is still facing with hiccups and hurdles, such as insufficient domestic demand, and more risks and hidden dangers. The meeting suggested that it is essential to implement an appropriately loose monetary policy, strengthen counter-cyclical adjustment, and increase the synergy of monetary and fiscal policies to maintain stable economic growth and overall price stability. The meeting examined the main ideas of monetary policy for the next stage, and recommended that the intensity of monetary policy regulation be heightened; the forward-looking, targeted and effective nature of monetary policy regulation be improved; and the reserve requirement ratio (RRR) and interest rate be lowered at the optimal time in alignment with the economic and financial situation and the operation of the financial market. AAStocks Financial News |
||||
Copied to Clipboard
 |
||||
