Translation. Region: Russian Federation –
Source: People's Republic of China in Russian – People's Republic of China in Russian –
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Source: People's Republic of China – State Council News
BEIJING, Jan. 6 (Xinhua) — The People's Bank of China (PBOC, the central bank) said Tuesday it will continue to maintain moderately loose monetary policy in 2026, using tools such as lowering the reserve requirement ratio and interest rates to maintain ample liquidity.
The statement, released following the bank's annual work meeting, which set out key tasks for the current year, said the PBOC will regard promoting high-quality economic development and prudent price recovery as important monetary policy considerations.
The document notes that efforts will be made to maintain the basic stability of the yuan exchange rate at a reasonable and balanced level and prevent the risk of excessive exchange rate fluctuations.
The Central Bank will strengthen financial support for key areas such as expanding domestic demand, implementing scientific and technological innovations, and operating micro, small, and medium-sized enterprises. Furthermore, the refinancing mechanism will be effectively utilized to stimulate service consumption and meet the needs of the elderly, thereby facilitating increased lending in the service sector.
Among other priorities, the PBC emphasized the need to address financial risks in key sectors, noting that it plans to create a mechanism to provide liquidity to non-banking institutions under certain scenarios.
The Central Bank pledged to deepen financial reforms and external openness, actively promote global financial governance reform, and further strengthen capacity in areas such as financial regulation and financial services.
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