Central Bank: Emphasize strengthening the domestic big cycle and enhance the foresight, pertinence, and coordination of macroeconomic policies.

People’s Finance News, March 31—The Monetary Policy Committee of the People’s Bank of China held its 2026 first-quarter (the 112th overall) regular meeting on March 26. The meeting emphasized that it is necessary to fully and earnestly implement the spirit of the Fourth Plenary Session of the 20th CPC Central Committee, the Central Economic Work Conference, and the National Two Sessions, and to follow the decisions and deployments of the Party Central Committee and the State Council. The meeting stressed that the authorities should firmly grasp the primary task of high-quality development, steadily advance Chinese modernization, fully, accurately, and comprehensively implement the new development philosophy, and accelerate the development of a new development paradigm. Place strengthening the domestic mega–economic cycle in an even more prominent position, coordinate the relationship between total supply and total demand, enhance the forward-looking, targeted, and coordinated effectiveness of macroeconomic policies, and focus on expanding domestic demand and optimizing supply; make incremental progress better and revitalize existing capacity, so as to continuously consolidate and expand the steady and positive momentum of economic development.