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PBOC Still Studying Enriching Policy Toolkit, Set to Cut RRR & Interest Rates and Roll Out Incremental Policies at Right Time
2025-04-28 11:30:55 Zou Lan, Deputy Governor of the People's Bank of China (PBOC), noted that the PBOC will follow the spirit of the CCP Politburo meeting, step up the implementation of more proactive and effective macro policies, and make full use of moderately loose monetary policy. Based on domestic and international economic conditions and the performance of financial markets, the PBOC will cut the required reserve ratio (RRR) and interest rates at appropriate times to maintain ample liquidity, Zou stressed. Zou also added that the PBOC is still working on enriching its policy toolkit and will introduce incremental policies at the right time to help stabilize employment, businesses, markets, and expectations, effectively consolidating the fundamentals of economic development and social stability. ~ AAStocks Financial News Web Site: www.aastocks.com | |