The People’s Bank of China (PBoC) revealed its 2025 priorities on January 4, which include implementing a “moderately loose monetary policy.”
The PBoC, China’s central bank, said it intends to create a suitable monetary and financial environment for stabilizing economic growth. Specific measures include reducing the required reserve ratio of commercial banks and benchmark interest rate at a proper time, preventing exchange rate overshooting and ensuring sufficient fluidity.
The PBoC said it would further improve the top-level institutions for financing technologies, green energy and the digital economy as well as for supporting seniors, low-income groups and small enterprises.
The PBoC pledged to protect the country from systemic financial risk and help smaller banks and local governments to address risks properly. The PBoC will also expand high-level financial opening-up, promote financial reforms and strengthen the internationalization of the Chinese yuan, with improved financial supervision.
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