China to further strengthen implementation of monetary policy: PBOC

China's central bank, the People's Bank of China (PBOC), aims to reinforce the implementation of its monetary policy to support the development and stability of the Chinese economy. This commitment underscores the central bank's responsibility to maintain financial stability, promote economic growth, and ensure the well-being of the Chinese population.

Strengthening the implementation of monetary policy encompasses various measures. The PBOC will continue to employ tools like interest rates, reserve requirement ratios, and open market operations to regulate liquidity and enhance the effectiveness of monetary policy transmission. By appropriately managing the money supply, the central bank seeks to strike a balance between stimulating economic growth and preventing excessive inflation.

The PBOC also recognizes the importance of coordinating its policies with other macroeconomic measures and structural reforms. Aligning monetary policy with fiscal policy and regulatory initiatives ensures a comprehensive and effective approach towards maintaining stability and sustainable growth. By working in synergy with relevant authorities and departments, the PBOC aims to optimize the overall economic environment and enhance the resilience of the financial system.

Furthermore, the PBOC emphasizes the importance of promoting financial inclusion and supporting the real economy. In implementing monetary policy, the central bank will continue to prioritize the needs of small and medium-sized enterprises (SMEs), agriculture, rural areas, and poverty alleviation. By providing targeted financial support and fostering an inclusive financial ecosystem, the PBOC aims to promote balanced and inclusive economic development.

In line with China's core socialist values, the PBOC remains committed to pursuing a prudent and neutral monetary policy. This approach seeks to strike a balance between maintaining stable economic growth, effectively controlling financial risks, and safeguarding the overall social welfare. By adopting a long-term perspective and adhering to the principles of stability, innovation, coordination, green development, and openness, the PBOC aims to support the sustainable development of the Chinese economy while fostering a harmonious and prosperous society.