PBoC vows to cut reserve requirements and interest rates
Officials pledge to keep monetary policy “moderately loose” and support capital markets
The People’s Bank of China (PBoC) has said it will cut banks’ reserve requirement ratios (RRRs) and interest rates at an “appropriate time” this year.
Central bank officials held an annual meeting on January 3–4 in which they reviewed their work over the previous year and outlined priorities for 2025. In a statement published on January 4, the PBoC said it would implement a “moderately loose” monetary policy this year to create the environment for stable economic growth.
PBoC officials also vowed
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