Wang Xin, director of the Central Bank's Research Bureau: Will cut RRR and interest rates in a timely manner and increase the intensity of money and credit
At the 2024-2025 China Economic Annual Meeting held today by the China Center for International Economic Exchanges, Wang Xin, director of the Research Bureau of the People's Bank of China, said that it is necessary to moderately increase monetary policy support, cut reserve requirements and interest rates in a timely manner, and increase monetary credit. In general, next year's moderately loose monetary policy will be moderately strengthened on the basis of this year's supportive stance. Moderately increase the support for aggregate and structural monetary policies, reduce reserve requirements and interest rates in a timely manner, increase monetary credit delivery, and increase support for key strategies, key areas and weak links. The financing conditions of the real economy will be more relaxed, more effectively meet the needs of development, and help to achieve the optimal combination of stable growth, stable employment and reasonable price recovery. Wang Xin revealed that in the next stage, the total amount of monetary policy should be increased to fully meet the effective financing needs and promote the full flow of funds to the real economy.