The People's Bank of China held a system-wide meeting to study and implement the Communist Party of China Politburo meeting held on April 25 and to push faster delivery of a package of financial policies. The central bank set out priorities for implementing a “moderately loose” monetary policy stance, calling for full use of existing measures and stronger deployment of incremental policies to maximise policy effects. The meeting also stressed tighter coordination across the People's Bank of China system and closer collaboration among departments and provincial branches to support the economic recovery and high-quality growth. It was chaired by Party Committee Secretary and Governor Pan Gongsheng, with Vice Governor Zou Lan participating and speaking, and was held by video conference with headquarters departments and provincial branches attending.
Central Bank of the Republic of China 2025-05-07
People's Bank of China convenes system-wide meeting to accelerate rollout of package of financial policies and implement moderately loose monetary policy
The People's Bank of China held a system-wide meeting to expedite financial policy implementation after the Communist Party of China Politburo meeting. The central bank emphasized a "moderately loose" monetary policy, advocating full use of existing measures and stronger deployment of incremental policies. Enhanced coordination across the bank's system and collaboration among departments and provincial branches were highlighted to support economic recovery and high-quality growth.