Core Viewpoint - The People's Bank of China (PBOC) aims to enhance the interest rate adjustment framework and strengthen the guidance of central bank policy rates to lower overall financing costs in the economy [1] Group 1: Monetary Policy Framework - The PBOC will further improve the interest rate adjustment framework and enhance the guidance of central bank policy rates [1] - There will be a focus on refining the market-oriented interest rate formation transmission mechanism [1] - The PBOC plans to strengthen the self-discipline mechanism of market interest rate pricing [1] Group 2: Cost Reduction Initiatives - The central bank aims to lower bank liability costs to promote a decrease in overall social financing costs [1] - The implementation of various structural monetary policy tools will be emphasized [1] Group 3: Support for Key Areas - The PBOC will intensify support for key areas such as technological innovation, consumption stimulation, small and micro enterprises, and stabilizing foreign trade [1] - The central bank will focus on effectively executing the "five major financial tasks" [1]
人民银行:加力支持科技创新和提振消费等重点方向
Bei Jing Shang Bao·2025-11-11 10:01