Vice Governor of the Central Bank Xuan Changneng: Will lower the reserve requirement ratio and interest rates at an opportune time based on domestic and international economic and financial conditions

On March 27th, Jin10 Data reported that Xuan Changneng, Deputy Governor of the People's Bank of China, stated during his speech at the Boao Forum for Asia sub-forum on "Finding Currency and Financial Stability in an Unstable World" that the current domestic and international environment is undergoing profound changes, and the global supply chain is continuously being affected. The domestic economic structure in China is also undergoing constant adjustments. Against the backdrop of increasing uncertainty, China has clearly adopted a moderately loose monetary policy. The central bank has repeatedly cut the reserve requirement ratio and interest rates to support economic development through monetary policy adjustments. The policy stance is clear: China will adjust the reserve requirement ratio and interest rates at an opportune time based on domestic and international economic and financial conditions