PBOC Vows to Optimize Policy Timing While Keeping Loose Stance
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The People’s Bank of China in Beijing. Photo: VCG
China’s central bank pledged to refine the timing and intensity of its stimulus measures to shore up the economy, warning of deepening external challenges and persistent weak demand.
The People’s Bank of China (PBOC) announced Wednesday that its Monetary Policy Committee, which met on Dec. 18, decided to continue implementing a “moderately loose” monetary policy. The committee highlighted the need to strengthen both counter-cyclical and cross-cyclical adjustments to promote stable growth and a reasonable recovery in prices.
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- China’s central bank will refine the timing and strength of stimulus, maintaining a “moderately loose” monetary policy amid weak demand and external challenges.
- Authorities will closely monitor bond market performance and seek to stabilize the yuan, as 10-year government bond yields rose to 1.83% in late 2025.
- Policies will focus on supporting the real economy, technological innovation, SMEs, and domestic demand with enhanced coordination of monetary and fiscal tools.
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