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PBOC Will Cut RRR and Interest Rates at Opportune Time
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The Party Committee of the People’s Bank of China (PBOC) held an expanded meeting today (13th), outlining plans to implement a moderately loose monetary policy. The meeting emphasized balancing short-term and long-term goals, growth stabilization with risk prevention, internal and external equilibrium, and support for the real economy, while maintaining the health of the banking system. Based on the economic and financial conditions at home and abroad, as well as financial market operations, the PBOC plans to cut the reserve requirement ratio (RRR) and interest rates at an opportune time. The Chinese central bank will employ a mix of monetary policy tools, including open market operations, to ensure ample liquidity, aligning the growth of social financing scale and money supply with economic growth and expected price level targets. AAStocks Financial News |
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