Central Bank: This year will flexibly and efficiently utilize various monetary policy tools such as reserve requirement ratio cuts and interest rate reductions

2026-03-06 07:51:28

The Fourth Session of the 14th National People’s Congress held an economic-themed press conference today (6th).

People’s Bank of China Governor Pan Gongsheng stated that by 2026, the People’s Bank will implement a moderately relaxed monetary policy, flexibly and efficiently using various tools such as reserve requirement ratio cuts and interest rate reductions. It will leverage both incremental and stock policies, integrating monetary and fiscal policy effects to create a favorable monetary and financial environment for a good start to the “14th Five-Year Plan.”

(Source: CCTV News Client)

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