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PBOC's Zou Lan: Leveraging Monetary Policy Tools for Aggregate and Structural Support, with Timely Incremental Policies
iconApr 30, 2025 11:33
Source:SMM
[Zou Lan of the PBOC: Leverage the Dual Functions of Monetary Policy Tools in Terms of Both Aggregate and Structure, and Launch Incremental Policies in a Timely Manner] 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 implement RRR cuts and interest rate cuts in a timely manner based on the domestic and overseas economic situation and the operation of financial markets, to maintain ample liquidity, leverage the dual functions of monetary policy tools in terms of both aggregate and structure, create new structural monetary policy tools, and make precise efforts in key areas such as stabilizing employment and promoting growth, so as to provide strong financial support. The PBOC is also exploring ways to enrich its policy toolbox and will launch incremental policies in a timely manner to help stabilize employment, enterprises, the market, and expectations.

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