Pan Gongsheng: Flexibly and efficiently use various monetary policy tools such as reserve requirement ratio cuts and interest rate reductions; there is still some room for reserve requirement ratio cuts and interest rate reductions this year

The Governor of the People's Bank of China, Pan Gongsheng, stated that in 2026, a moderately accommodative monetary policy will continue to be implemented to promote stable economic growth and a reasonable rebound in prices. Flexible use of policy tools such as reserve requirement ratio cuts and interest rate reductions will be employed to maintain ample liquidity and ensure that the scale of social financing matches economic growth. There is still room for reserve requirement ratio cuts and interest rate reductions this year. In addition, the People's Bank has optimized structural monetary policy tools, reduced interest rates, and increased the quota for relending to support private enterprises and technological innovation