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Pan Gongsheng: Space Remains This Yr for RRR/ Interest Rate Cuts to Maintain Ample Liquidity
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Pan Gongsheng, Governor of the People's Bank of China (PBOC), said that, in 2026, the PBOC will continue to implement a moderately loose monetary policy, prioritizing the promotion of stable economic growth and a reasonable rebound in prices as key considerations of monetary policy, according to Xinhua News Agency. It will leverage the combined effects of incremental and existing policies. In terms of aggregate policy, various monetary policy tools such as RRR and interest rate cuts will be flexibly and efficiently utilized to maintain ample liquidity. Pan believed that there is still certain room for RRR and rate cuts this year, and efforts will be made to ensure the execution and supervision of interest rate policies to promote low comprehensive financing costs for society. AASTOCKS Financial News Website: www.aastocks.com |
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