The People's Bank of China Monetary Policy Committee held its 102nd me

Published: Sep 27, 2023 16:17

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The People's Bank of China Monetary Policy Committee held its 102nd meeting in the third quarter of 2023 in Beijing on September 25. The meeting pointed out that it should increase the implementation of the monetary policy already issued, maintain reasonable liquidity, maintain reasonable credit growth and stable rhythm, and keep the money supply and social financing scale growth rate in line with the nominal economic growth rate. Promote low-level price increases and maintain prices at reasonable levels. Deepen the reform of exchange rate marketization, guide enterprises and financial institutions to adhere to the concept of "risk neutrality", comprehensively implement policies, correct divergence, stabilize expectations, resolutely rectify unilateral and cyclical behavior, resolutely prevent exchange rate overadjustment risks, and maintain the basic stability of the RMB exchange rate at a reasonable equilibrium level.

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