China's central bank released its monetary and financial priorities for 2025 after a two-day meeting that ended on Saturday. It emphasizes expanding domestic demand, stabilizing expectations and boosting vitality to ensure sustainable growth in China's economy.
The People's Bank of China (PBOC) said it will implement a moderately easy monetary policy in 2025, prevent and address financial risks in key areas, and further deepen high-level financial reform and opening-up.
When presenting its monetary policy for this year, the central bank explained that it would introduce a slightly easy monetary policy in order to create a favourable monetary and financial environment for stable economic growth.
It also stressed the use of a combination of monetary policy tools, including a reduction in reserve requirements and interest rates, where appropriate, taking into account domestic and international economic and financial conditions and the functioning of financial markets.
The PBOC announced that it would ensure sufficient liquidity and a gradual increase in the money supply so that growth in corporate financing and the money supply would be consistent with its stated goals for economic growth and the overall price level.
The meeting also emphasized the need to make effective use of existing financial resources and improve the efficiency of fund utilization. At the same time, the PBOC will ensure that the exchange rate of the yuan remains essentially stable at an accommodative and balanced level and avoid risks of exchange rate overshooting.
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