PBC: New monetary policy tools can be created to continue to support key areas and weak links

Zou Lan, director of the Monetary Policy Department of the People’s Bank of China, said at a press conference on August 4 that the People’s Bank of China will earnestly implement the deployment referred in the Central Political Bureau meeting in the next stage. We must give full play to the dual functions of aggregate and structural monetary policy, continue to adopt the existing tools properly and extend the implementation period of effective measures in areas where structural contradictions are still prominent. Besides, we should take multiple measures to consolidate the effectiveness of the policy, and if necessary, create new tools to continue to support key areas and weak links such as inclusive finance and green finance.