People’s Bank of China: Continue to implement a moderately loose monetary policy and increase the strength of counter-cyclical and cross-cycle adjustments

Gate News, on March 31, the Monetary Policy Committee of the People’s Bank of China held its 2026 first-quarter (the 112th overall) regular meeting on March 26. The meeting analyzed the domestic and international economic and financial situation. The meeting believed that the impact of changes in the external environment has deepened, global economic momentum is weak, and geopolitical conflicts and trade-and-economic conflicts occur frequently. The economic performance of major economies has shown some divergence, and there is uncertainty regarding the trajectory of inflation and adjustments to monetary policy. China’s economy has been running generally steadily, with progress while maintaining stability, and high-quality development has achieved new results, but it still faces issues and challenges such as stronger supply and weaker demand and external shocks. The meeting emphasized that it is necessary to continue implementing a moderately accommodative monetary policy, increase countercyclical and cross-cycle adjustments, better play the dual functions of monetary policy tools in both total amounts and structure, strengthen coordination between monetary and fiscal policies, and promote steady economic growth and a reasonable rebound in prices.