Director of the Research Bureau of the Central Bank, Wang Xin: Will Lower Reserve Requirements and Interest Rates at an Appropriate Time to Increase Monetary and Credit Supply
At the 2024-2025 China Economic Annual Conference held by the China Center for International Economic Exchanges today, Wang Xin, Director of the Research Bureau of the People's Bank of China, stated that the monetary policy support should be appropriately increased, with timely reductions in reserve requirements and interest rates, and an increase in monetary and credit supply. Overall, next year's moderately loose monetary policy will moderately exert force based on this year's supportive stance.
Appropriately increasing the support of both aggregate and structural monetary policies, timely reductions in reserve requirements and interest rates, increasing monetary and credit supply, and enhancing support for key strategies, key areas, and weak links will make financing conditions for the real economy more relaxed, more effectively meeting development needs, and helping to achieve an optimal combination of stable growth, stable employment, and reasonable price recovery. Wang Xin revealed that in the next stage, the overall monetary policy will be strengthened to fully meet effective financing needs and promote the full flow of funds to the real economy.
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