Core Viewpoint - The People's Bank of China (PBOC) is focusing on a moderately loose monetary policy to stabilize economic growth and maintain reasonable price levels amid a complex external environment [4][11]. Group 1: Monetary Policy Strategy - The PBOC aims to enhance monetary policy regulation, increasing its foresight, targeting, and effectiveness to fully unleash policy effects [7]. - The strategy includes maintaining ample liquidity and guiding financial institutions to increase credit supply, thereby reducing the overall financing costs in society [7][11]. Group 2: Economic Coordination - The meeting emphasized strengthening the domestic economic cycle, balancing total supply and demand, and enhancing macro policy coordination to ensure continuity and stability [9]. - The focus is on expanding domestic demand, stabilizing expectations, and stimulating economic vitality to consolidate and expand the positive momentum of economic recovery [9]. Group 3: Future Outlook - The fourth quarter is expected to continue with a moderately loose monetary policy, with room for reserve requirement ratio (RRR) cuts and interest rate reductions due to domestic and international conditions [11]. - Structural monetary policy tools are anticipated to continue supporting key areas such as technological innovation, green development, manufacturing upgrades, and small and micro enterprises [11].
重磅会议发布·下阶段货币政策主要思路有哪些？释放哪些信号？| 梳理↓
Yang Shi Wang·2025-09-28 02:14