People's Bank of China: Continue to implement a moderately loose monetary policy and increase countercyclical and cross-cyclical adjustments

Comparatively, the Monetary Policy Committee of the People's Bank of China held a regular meeting for the second quarter of 2026. The conference analyzed the domestic and foreign economic and financial situation, believing that the current external environment is more complex and varied, the momentum of world economic growth is weak, geographical conflicts and economic and trade frictions are frequent, the economic performance of major economies is divided, and there is uncertainty about inflation trends and monetary policy adjustments. China's economy is generally running smoothly and improving, and high-quality development has achieved new results, yet it still faces problems and challenges such as strong supply and demand, structural differentiation, and external shocks.

It is necessary to continue to implement a moderately loose monetary policy, increase countercyclical and cross-cycle adjustments, make better use of the total and structural functions of monetary policy instruments, strengthen coordination and coordination of monetary and fiscal policies, and promote steady economic growth and a reasonable recovery in prices.