The Monetary Policy Committee of the People's Bank of China held its regular meeting for the first quarter of 2025

The Monetary Policy Committee of the People's Bank of China held its regular meeting for the first quarter of 2025 to discuss the main direction of future monetary policy. It suggested strengthening policy regulation, appropriately lowering the reserve requirement ratio and interest rates, maintaining ample liquidity, and encouraging financial institutions to increase credit supply to ensure that social financing matches economic growth. At the same time, it emphasized guiding policy interest rates, improving the interest rate transmission mechanism, reducing financing costs, paying attention to changes in the bond market and long-term yields, enhancing the resilience of the foreign exchange market, and maintaining the stability of the RMB exchange rate