People's Bank of China: Implement a moderately loose monetary policy, timely reduce the reserve requirement ratio and interest rates, and maintain ample liquidity

The People's Bank of China held a meeting, emphasizing the implementation of a moderately loose monetary policy, timely reserve requirement ratio cuts and interest rate reductions, and maintaining ample liquidity. The meeting pointed out the need to comprehensively use various monetary policy tools to ensure that the growth of social financing scale and money supply aligns with economic growth and price expectation targets. At the same time, it aims to guide banks to meet effective credit demand, enhance the stability of credit growth, promote a steady decline in the comprehensive financing costs of society, and maintain the basic stability of the RMB exchange rate