The PBOC will appropriately lower reserve requirements and interest rates at the right time.

Foreks - The People's Bank of China (PBOC) reiterated its commitment to lowering reserve requirements and interest rates at the appropriate time.

The central bank of China stated that it will enhance its monetary policy control and adjustments in a forward-looking and effective manner, ensuring ample liquidity and guiding financial institutions to strengthen credit supply. It will also push for lower social financing costs while bolstering the resilience of the foreign exchange market and stabilizing market expectations.