Central Bank: Continue to implement an appropriately loose monetary policy

On March 18, the Party Committee of the People’s Bank of China held an expanded meeting. Continue to implement a moderately relaxed monetary policy. Make promoting stable economic growth and reasonable price increases important considerations of monetary policy, and leverage the integrated effects of incremental and stock policies, monetary policy, and fiscal policy. Use a comprehensive set of short-, medium-, and long-term monetary policy tools such as reserve requirement ratios, open market operations including government bond buying and selling, Medium-term Lending Facility (MLF), and reverse repurchase, to maintain ample liquidity, ensuring that the growth of social financing and money supply aligns with economic growth and inflation expectations. Based on changes in the economic and financial situation and macroeconomic operation, guide and regulate interest rate levels, strengthen the implementation and supervision of interest rate policies, standardize financing intermediary costs, and promote low overall social financing costs. (Central Bank)