China's Central Bank Monetary Policy Committee Reiterates Implementation of Moderately Loose Policy, Maintaining Ample Liquidity

CoinFeed reported on July 8 that the Monetary Policy Committee of the People's Bank of China recently held the second-quarter meeting of 2026, emphasizing continued implementation of a moderately loose monetary policy, increasing counter-cyclical and cross-cyclical adjustment efforts, using various tools to maintain ample liquidity, so that the growth rates of social financing scale and money supply match economic and price targets. The meeting proposed strengthening the guidance of the central bank's policy interest rate and the market-based interest rate transmission mechanism, standardizing credit pricing, reducing intermediary financing costs, and keeping overall social financing costs at historically low levels; at the same time, pay attention to changes in long-term bond market yields, enhance the resilience of the foreign exchange market, and maintain the basic stability of the RMB exchange rate at a reasonable and balanced level. The meeting also required making good use of structural monetary policy tools, focusing on supporting the expansion of domestic demand, technological innovation, and financing for small and medium-sized enterprises.