On January 4th, the 2025 People's Bank of China Work Conference was held from January 3rd to 4th. The meeting emphasized that the implementation of moderately loose monetary policy will create a suitable monetary and financial environment for stable economic growth. Comprehensive use of a variety of monetary policy tools, according to the domestic and foreign economic and financial situation and the operation of financial marekt, choose the opportunity to cut interest rates, maintain abundant li...
On December 31st, Han Wenxiu, deputy director of the Central Finance Office in charge of daily work, pointed out in an article in the People's Daily that the implementation of moderately loose monetary policy. Further give full play to the dual functions of the total amount and structure of monetary policy tools, so that the scale of social financing and the growth of money supply match the expected goals of economic growth and overall price level. It is necessary to cut the reserve ratio and in...
On September 5th, Zou Lan, director of the Monetary Policy Department of the People's Bank of China, said at the press conference of the State Information Office that the effect of the RRR cut at the beginning of the year is still emerging. At present, the average statutory deposit reserve ratio of Financial Institution Group is about 7%, and there is still some room. Wang Qing, chief macro analyst of Dongfang Jincheng, analyzed that considering that in the previous RRR cuts, some legal person F...