Group 1 - The core viewpoint is that the main theme of "expansive fiscal and monetary policy" will continue into 2026 [1][2] - The central economic work conference emphasized the need for a moderately loose monetary policy, focusing on promoting stable economic growth and reasonable price recovery [1] - It is expected that deposit and policy interest rates will further decline in 2026, with potential implementation of one to two rounds of reserve requirement ratio (RRR) and interest rate cuts [1][2] Group 2 - Structural monetary policy tools will be utilized to direct financial resources towards key areas such as technological innovation, green development, and boosting consumption [1][2] - The conference highlighted the importance of enhancing the consistency and effectiveness of macroeconomic policies, integrating various economic and non-economic policies into a unified assessment [2] - The year 2026 is seen as a starting point for the 14th Five-Year Plan, with a more proactive macro policy combination and forward-looking structural reforms expected to support a stable economic start [3]
中央定调明年货币政策，灵活高效运用降准降息等工具
Di Yi Cai Jing·2025-12-11 10:53