【Central Bank's Zou Lan: Effectively Utilize the Dual Functions of the Monetary Policy Toolbox in Terms of Total and Structure, and Timely Introduce Incremental Policies】
On April 28, Jinshi Data reported that Zou Lan, Deputy Governor of the People's Bank of China, stated at a press conference at the State Council Information Office that, based on domestic and international economic conditions and the operation of financial markets, the bank will timely lower reserve requirements and interest rates, maintain ample liquidity, effectively utilize the dual functions of the monetary policy toolbox in terms of total and structure, create new structural monetary policy tools, and focus precisely on key areas related to stabilizing employment and growth to provide financial support. The bank is also studying ways to enrich the policy toolbox and will timely introduce incremental policies to support stable employment, stable enterprises, stable markets, and stable expectations.