Core Viewpoint - The People's Bank of China has implemented a total of 9 reserve requirement ratio cuts since the beginning of the 14th Five-Year Plan, reducing the statutory deposit reserve ratio by 3.5 percentage points, which has provided approximately 7 trillion yuan in long-term liquidity [1] Monetary Policy Tools - The central bank has employed various monetary policy tools to flexibly adjust short- and medium-term liquidity [1] - The toolbox for monetary policy has been enriched, including operations such as open market transactions of government bonds and reverse repos [1] Credit Growth Management - There is an emphasis on strengthening the understanding and grasp of the supply and demand patterns and new characteristics of monetary credit to promote reasonable growth in monetary credit [1]
央行：“十四五”以来共降准9次，累计下调法定存款准备金率3.5个百分点
Sou Hu Cai Jing·2025-10-14 09:12