Zou Lan, Deputy Governor of the People's Bank of China: Effectively utilize the dual functions of the total amount and structure of monetary policy tools to create new structural monetary policy tools

Zou Lan, Deputy Governor of the People's Bank of China, stated at a press conference held by the State Council Information Office that the People's Bank will, in accordance with the spirit of the Central Political Bureau meeting, accelerate the implementation of more proactive and effective macro policies, and make good use of moderately loose monetary policy. Based on domestic and international economic conditions and the operation of financial markets, the bank will timely cut the reserve requirement ratio and interest rates, maintain ample liquidity, effectively utilize both the total amount and structural functions of monetary policy tools, create new structural monetary policy tools, and focus on stabilizing employment and growth in key areas, providing precise financial support