Core Viewpoint - The People's Bank of China (PBOC) emphasizes the need for a moderately loose monetary policy to address the challenges posed by the changing external environment and to promote stable economic growth and reasonable price recovery [1] Economic Analysis - The global economic growth momentum is insufficient, with increasing trade barriers and divergent economic performances among major economies [1] - Domestic economic operation is generally stable and progressing, with new achievements in high-quality development, but there are still prominent issues such as strong supply and weak demand [1] Policy Recommendations - The PBOC suggests enhancing counter-cyclical and cross-cyclical adjustments to better utilize both the total and structural functions of monetary policy tools [1] - There is a call for improved coordination between monetary and fiscal policies to support economic stability and price recovery [1]
央行:加强货币财政政策协同配合 促进经济稳定增长和物价合理回升