The PBOC released its Q2 2026 monetary policy implementation report, saying it
will continue a moderately loose monetary stance. It will enhance
forward-looking, flexible and targeted policy calibration and adjust
monetary-policy tools as needed to keep liquidity ample and social financing
conditions are relatively loose, guiding growth of social financing and money supply
to match economic growth and price-level expectations. The bank said it will
calibrate policy strength, timing and pace based on domestic and external
economic and financial conditions and market developments, and strengthen
coordination with fiscal policy to support stable growth, high-quality
development and financial-market stability.
