The People's Bank of China released its Q1 monetary policy implementation report, stating that the artificial intelligence industry will inject more momentum into high-quality economic development.

CoinFeed reported on May 11 that the People's Bank of China (PBOC) released its "China Monetary Policy Implementation Report for the First Quarter of 2026" today, stating that GDP grew by 5% year-on-year in the first quarter, and monetary policy continued to be moderately loose to support the economy. The PBOC maintained ample liquidity through tools such as reverse repos, medium-term lending facilities, and treasury bond trading. At the end of March, the outstanding amount of social financing and M2 grew by 7.9% and 8.5% year-on-year, respectively. The interest rate on structural tools was lowered by 0.25 percentage points, and the interest rates on new corporate loans and personal housing loans in March were approximately 3.1%. The PBOC increased relending for agriculture and small businesses by 500 billion yuan, established a 1 trillion yuan relending facility for private enterprises, and expanded credit support for technological innovation, green development, elderly care, and the digital economy, while emphasizing maintaining the basic stability of the RMB exchange rate at a reasonable and balanced level. Looking ahead, the report mentioned that the artificial intelligence industry will inject more momentum into high-quality economic development.