The People's Bank of China Monetary Policy Committee held its third qu

Published: Sep 27, 2023 16:17

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The People's Bank of China Monetary Policy Committee held its third quarter (102nd overall) meeting in Beijing on September 25th. The meeting pointed out that the current external environment is becoming more complex and severe, international economic and trade investment is slowing down, and inflation remains high in developed countries. The domestic economy continues to recover, rebound and increase its momentum, but still faces challenges such as insufficient demand. It is necessary to continue to increase the intensity of macro policy regulation, accurately and effectively implement a prudent monetary policy, better manage counter-cyclical and cross-cycle regulation, better play the dual functions of the total and structure of monetary policy tools, strive to expand domestic demand and boost confidence, accelerate the virtuous cycle of the economy, and provide more powerful support for the real economy.

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