China's central bank maintains prudent monetary policy with stability, flexibility, and counter-cyclical adjustments.
China's central bank emphasizes its commitment to a prudent monetary policy, focusing on stability, flexibility, and counter-cyclical adjustments. The People's Bank of China has used various tools, including interest rates and required reserve ratios, to support the real economy and prevent financial risks. The bank has achieved progress in loan prime rate reform and enhanced the efficiency of monetary policy transmission.
June 28, 2024
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