China has signaled a continuation of its proactive fiscal policy and prudent monetary policy, with a specific emphasis on the possibility of further reductions in banks' reserve requirement ratios (RRR). PBOC Governor Pan Gongsheng, in statements reported by CNBC, highlighted the country's capacity for monetary policy adjustments, including RRR cuts, to strengthen counter-cyclical and cross-cyclical adjustments. These measures aim to boost confidence, stabilize expectations and price levels, and create a favorable monetary environment for economic operations.
China’s central bank governor says there’s room to cut banks’ reserve requirements: CNBC
China's central bank governor says there's room to cut banks' reserve requirements - CNBC https://t.co/zSIvSEMp9P
PBoC Governor Says There’s Room To Cut Banks’ Reserve Requirements - CNBC https://t.co/1WlKTCDhEp
China's central bank governor says there's room to cut banks' reserve requirements https://t.co/vEwSVHdXCx
#China will strengthen counter-cyclical, cross-cyclical adjustments, boost confidence, stabilize expectations and price levels, create favourable monetary environment for economic operations - #PBOC Governor Pan Gongsheng https://t.co/x5RyQma606
PBOC Governor Pan Gongsheng just said there is room for more RRR cuts.
⚡PBOC head Pan Gongsheng: #China has enough room for monetary policies, especially for RRR cuts.
🔴 CHINA CALLS FOR CONTINUED IMPLEMENTATION OF PROACTIVE FISCAL POLICY AND PRUDENT MONETARY POLICY