The People's Bank of China: We will continue to implement a moderately loose monetary policy and strengthen counter-cyclical and cross-cyclical adjustments

According to Jinshi Data, the People's Bank of China Monetary Policy Committee held its first quarter meeting of 2026 (the 112th meeting) on March 26. The meeting analyzed the domestic and international economic and financial situation, noting that the current changes in the external environment have deepened, the momentum of the world economy is weak, geopolitical conflicts and trade conflicts are frequent, the economic performance of major economies is diverging, and there is uncertainty in inflation trends and monetary policy adjustments.

China's economic operation is generally stable, with progress in stability and new achievements in high-quality development, but it still faces issues and challenges such as strong supply and weak demand, and external shocks. It is necessary to continue implementing a moderately loose monetary policy, increase counter-cyclical and cross-cyclical adjustments, better leverage the dual functions of monetary policy tools in terms of both total volume and structure, and strengthen the coordination and cooperation between monetary and fiscal policies to promote stable economic growth and a reasonable rebound in prices.