央行召开会议，涉及下阶段货币政策

Core Viewpoint - The People's Bank of China emphasizes the need for a moderately loose monetary policy to support high-quality economic development and address challenges such as insufficient domestic demand and low price levels [1][2][3][4] Monetary Policy Strategy - The meeting suggests enhancing monetary policy regulation with a focus on forward-looking, targeted, and effective measures, ensuring liquidity remains ample and aligning social financing scale with economic growth and price expectations [2] - It highlights the importance of improving the market interest rate formation mechanism and monitoring long-term yield changes in the bond market [2] Financial Sector Support - Large banks are encouraged to play a leading role in serving the real economy, while small and medium-sized banks should focus on their core responsibilities and enhance capital strength [3] - The meeting calls for effective implementation of structural monetary policy tools to support key areas such as technological innovation, consumption, small and micro enterprises, and foreign trade [3] Economic Development Focus - The meeting stresses the importance of high-quality development and the need to accelerate the construction of a new development pattern, with a focus on strengthening domestic circulation [4] - It emphasizes the coordination of macro policies to expand domestic demand, stabilize expectations, and stimulate economic vitality [4]