Vice Governor of the People's Bank of China, Xuan Changneng: We will choose the opportunity to lower reserve requirement ratios and interest rates based on the domestic and international economic and financial situation

    On March 27, Xuan Changneng, Vice President of the People's Bank of China, said in his speech at the sub forum of Boao Forum for Asia "Looking for monetary and financial stability in an unstable world" that at present, the domestic and international environment is undergoing profound changes, and the global supply chain is constantly affected. The domestic economic structure in China is also constantly adjusting. Against the backdrop of increasing uncertainty, China has explicitly implemented a moderately loose monetary policy. The central bank has repeatedly lowered reserve requirement ratios and interest rates to support economic development through monetary policy adjustments. The policy stance is clear, and China will choose an opportunity to lower reserve requirement ratios and interest rates based on the domestic and international economic and financial situation

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