PBOC to Launch New Structural Monetary Policy Tools for Robust Financial Support

Published: Apr 28, 2025 13:45

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[The People's Bank of China to Create New Structural Monetary Policy Tools] Zou Lan, Deputy Governor of the People's Bank of China (PBOC), stated at a press conference held by the State Council Information Office on April 28 that the PBOC will fully utilize a moderately accommodative monetary policy. Based on domestic and overseas economic conditions and the performance of financial markets, the PBOC will implement RRR cuts and interest rate cuts in a timely manner to maintain ample liquidity. It will create new structural monetary policy tools, precisely intensify efforts in key areas focused on stabilizing employment and promoting growth, and provide robust financial support. The PBOC is exploring ways to enrich its policy toolkit and will introduce incremental policies in due course to support stable employment, enterprises, markets, and expectations, effectively consolidating the fundamentals of economic development and social stability.

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