PBOC signals more RRR, rate cuts to boost growth

Home

China

World

Politics

Business

Sci-Tech

Health

Opinions

Video

Live

Radio

World Asia-Pacific Middle East Europe Americas Africa

By continuing to browse our site you agree to our use of cookies, revised Privacy Policy and Terms of Use. You can change your cookie settings through your browser.

I agree

Close up of Pan Gongsheng, Governor of the People's Bank of China, in an interview with China Media Group (CMG), Beijing, China. /CMG screenshot

China's central bank will continue to implement a moderately loose monetary policy in 2026, and will utilize tools such as reserve requirement ratio (RRR) cuts and interest rate reductions to ensure liquidity remains sufficient, according to Pan Gongsheng, Governor of the People's Bank of China (PBOC).

Monetary policy will focus on promoting stable economic growth and reasonable price recovery, with the use of both incremental and existing policies to create a favorable monetary and financial environment for the high-quality development and stable operations of financial markets, Pan told CMG in an interview.

"There is still room for further RRR and interest rate cuts this year," he said, promising efforts to ensure the effective implementation and oversight of interest rate policies to keep overall financing costs at a low level.

(Cover via VCG)

Open in CGTN APP for better experience

Search Trends

More RRR, interest rate cuts in 2026 to spur growth: China's central bank governor