PANews reported on August 15 that the central bank released the Monetary Policy Implementation Report for China in the second quarter of 2025. In the next stage, implement a moderately relaxed monetary policy in a detailed manner. Based on domestic and international economic and financial conditions and the operation of financial markets, grasp the strength and pace of policy implementation, maintain ample liquidity, ensure that the scale of social financing and money supply growth align with economic growth and the expected target for overall price levels, and continuously create a suitable financial environment. Promote a reasonable rebound in prices as an important consideration for monetary policy, keeping prices at reasonable levels. Adhere to a market supply and demand-based approach, regulate with reference to a basket of currencies, maintain a managed floating exchange rate system, uphold the decisive role of the market in exchange rate formation, enhance the resilience of the foreign exchange market, stabilize market expectations, firmly correct pro-cyclical behaviors in the market, resolutely deal with actions that disrupt market order, prevent excessive adjustment risks in exchange rates, and keep the RMB exchange rate basically stable at a reasonable and balanced level.
In the next stage, balance short-term and long-term goals, stable growth and risk prevention, internal equilibrium and external equilibrium, support for the real economy and maintaining the health of the banking system, improve the foresight, targeting, and effectiveness of macroeconomic regulation, maintain continuity and stability of policies, enhance flexibility and foresight, strengthen the consistency of macro policy orientation, focus on stabilizing employment, enterprises, markets, and expectations, and strive to achieve the economic and social development goals for the year, successfully concluding the 14th Five-Year Plan.
