Central Bank: Implement moderately accommodative monetary policy, maintain ample liquidity

According to reports from Hashi Chain, the central bank emphasized the future direction of policy implementation in its monetary policy execution report for the second quarter of 2025. In the next phase, a moderately accommodative monetary policy will be implemented to ensure ample liquidity, aligning the growth of social financing and money supply with economic growth and price level expectations, thereby creating a favorable financial environment. The central bank will promote price recovery to a reasonable level, maintain market balance, and prevent exchange rate overshooting risks. The policy will adhere to market supply and demand as a basis, reference a basket of currencies for adjustments, and implement a managed floating exchange rate system where the market plays a leading role in exchange rate formation, stabilizing market expectations, correcting pro-cyclical behavior, and curbing market disruptions. In the future, there will be a balance between short-term and long-term, growth and risk prevention, and internal and external equilibrium, supporting the health of the real economy and banking system, enhancing the foresight, targeting, and effectiveness of macro-control, maintaining the coherence and stability of policies, improving the flexibility and predictability of policies, while striving to achieve the annual economic and social development goals and ensuring a successful conclusion to the 14th Five-Year Plan.