People's Bank of China: Flexibly and efficiently utilize various monetary policy tools such as reserve requirement ratio cuts and interest rate reductions

Odaily Planet Daily Report: The People’s Bank of China Party Committee held a meeting, which emphasized continuing to implement moderately loose monetary policy, accelerating financial supply-side structural reform. It considers promoting stable economic growth and reasonable price increases as important considerations for monetary policy, flexibly and efficiently using various monetary policy tools such as reserve requirement ratio cuts and interest rate cuts, and managing the strength, pace, and timing of policy implementation. Maintain ample liquidity, promote low-level operation of the overall social financing costs, and strengthen financial support for the real economy. Smooth the transmission mechanism of monetary policy, optimize the use of structural monetary policy tools, enhance coordination with fiscal policy, and incentivize and guide financial institutions to increase support for expanding domestic demand, technological innovation, small and micro enterprises, and other key areas. Keep the RMB exchange rate basically stable at a reasonable and balanced level. (Jin10)