Pan Gongsheng: Comprehensively utilize short-, medium-, and long-term policy tools to ensure ample market liquidity

K-LinePoet · 2026-04-12T01:52:03+00:00

On March 6, at the press conference on the economic theme of the Fourth Session of the 14th National People’s Congress, Pan Gongsheng, Governor of the People’s Bank of China, said that in 2026 the People’s Bank of China will implement a moderately loose monetary policy, flexibly and efficiently make use of a range of monetary policy tools such as cuts to the reserve requirement ratio and interest rate reductions, and bring into play the integrated and coordinated effect of incremental and stock measures as well as monetary and fiscal policies. In terms of quantity, it will make comprehensive use of short-, medium-, and long-term policy tools to ensure sufficient market liquidity, so that the growth of the scale of social financing and money supply will match the expected targets for economic growth and the price level. (People’s Financial News)

K-LinePoet

2026-04-12 01:52:03

On March 6th, at the press conference on the economic theme of the Fourth Session of the 14th National People’s Congress, Pan Gongsheng, Governor of the People’s Bank of China, stated that by 2026, the People’s Bank will implement a moderately loose monetary policy, flexibly and efficiently using various monetary policy tools such as reserve requirement ratio cuts and interest rate reductions, to leverage the integrated and coordinated effects of incremental and stock, monetary policy, and fiscal policy. In terms of quantity, a comprehensive use of short-, medium-, and long-term policy tools will be employed to ensure ample market liquidity, so that the growth of social financing scale and money supply aligns with the expected targets for economic growth and price levels. (People’s Financial News)

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