The Party Committee of the People's Bank of China held a meeting to convey the spirit of studying the Central Economic Work Conference. The meeting emphasized continuing to implement moderately loose monetary policies and speeding up financial supply-side structural reforms. Promote stable economic growth and reasonable price recovery as important considerations in monetary policy, and use various monetary policy tools such as interest rate cuts flexibly and efficiently to grasp the intensity, pace, and timing of policy implementation, maintain abundant liquidity, promote the operation of comprehensive social financing at a low cost, and strengthen financial support for the real economy. Unblock the transmission mechanism of monetary policy, optimize the application of structural monetary policy tools, strengthen coordination with fiscal policies, and motivate and guide financial institutions to step up support for the expansion of domestic demand, scientific and technological innovation, and micro, small and medium-sized enterprises. Maintain the basic stability of the RMB exchange rate at a reasonable equilibrium level.

The Party Committee of the People's Bank of China held a meeting to convey the spirit of studying the Central Economic Work Conference. The meeting emphasized continuing to implement moderately loose monetary policies and speeding up financial supply-side structural reforms. Promote stable economic growth and reasonable price recovery as important considerations in monetary policy, and use various monetary policy tools such as interest rate cuts flexibly and efficiently to grasp the intensity, pace, and timing of policy implementation, maintain abundant liquidity, promote the operation of comprehensive social financing at a low cost, and strengthen financial support for the real economy. Unblock the transmission mechanism of monetary policy, optimize the application of structural monetary policy tools, strengthen coordination with fiscal policies, and motivate and guide financial institutions to step up support for the expansion of domestic demand, scientific and technological innovation, and micro, small and medium-sized enterprises. Maintain the basic stability of the RMB exchange rate at a reasonable equilibrium level.