Central Bank: continue to implement a reasonably loose monetary policy

The People's Bank of China has released the fourth quarter 2025 report on the implementation of China's monetary policy. It proposes to continue implementing a moderately loose monetary policy, with a focus on promoting stable economic growth and reasonable price increases as important considerations of the policy. According to the domestic and international economic and financial situation and the operation of the financial markets, the policy should be implemented with the right intensity, pace, and timing. Flexibly and efficiently use a variety of policy tools such as reserve requirements and interest rate cuts, maintain ample liquidity and relatively loose social financing conditions, guide reasonable growth in the overall financial size, and balanced lending, so that the growth of social financing scale and the supply of money match with the expected targets for economic growth and overall price levels.