The People's Bank of China (PBOC) stated that it will continue to implement a moderately loose monetary policy. It will enhance the forward-looking, flexible, and targeted nature of its policies, and, based on the domestic and international economic and financial situation and the operation of financial markets, carefully manage the intensity, pace, and timing of policy implementation. It will strengthen the coordination between monetary and fiscal policies, ensure smooth transmission of monetary policy, and promote stable economic growth and a reasonable recovery in prices.
