{"id":264613,"date":"2025-07-14T16:01:20","date_gmt":"2025-07-14T16:01:20","guid":{"rendered":"https:\/\/www.europesays.com\/uk\/264613\/"},"modified":"2025-07-14T16:01:20","modified_gmt":"2025-07-14T16:01:20","slug":"chinas-monetary-policy-impact-not-yet-unleashed-pboc-says-with-5-gdp-goal-in-mind","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/uk\/264613\/","title":{"rendered":"China\u2019s monetary policy impact not yet unleashed, PBOC says with 5% GDP goal in mind"},"content":{"rendered":"<p datatype=\"p\" data-qa=\"Component-Component\" class=\"e8zc9q40 css-1c6uqr6 ec74h0k1\">China\u2019s central bank intends to carefully calibrate the intensity and pace of its \u201cmoderately loose\u201d monetary policy implementation, taking steps to help the country\u2019s economy grow by Beijing\u2019s goal of around 5 per cent this year.<\/p>\n<p datatype=\"p\" data-qa=\"Component-Component\" class=\"e8zc9q40 css-1c6uqr6 ec74h0k1\">Zou Lan, deputy governor of the People\u2019s Bank of China, said on Monday that the agency would closely monitor and evaluate the transmission and actual effects of previously implemented measures. And any future steps would be based on domestic and international financial and economic conditions, as well as the performance of financial markets.<\/p>\n<p datatype=\"p\" data-qa=\"Component-Component\" class=\"e8zc9q40 css-1c6uqr6 ec74h0k1\">\u201cMonetary policy operates with a lag, and the full impact of current measures is still unfolding,\u201d Zou said at a press conference. \u201cThe PBOC will continue to implement a moderately accommodative monetary policy.<\/p>\n<p datatype=\"p\" data-qa=\"Component-Component\" class=\"e8zc9q40 css-1c6uqr6 ec74h0k1\">\u201cThis approach aims to more effectively stimulate domestic demand, stabilise public expectations, invigorate market vitality, and support the achievement of this year\u2019s economic and social development goals and tasks.\u201d<\/p>\n<p><img decoding=\"async\" alt=\"Zou Lan, deputy governor of the People\u2019s Bank of China, spoke at a press conference on Monday. Photo: Handout\" data-qa=\"BaseImage-handleRenderImage-StyledImage\" class=\"e1gf69pb2 css-6ikqhs e445x7d0\" loading=\"lazy\" src=\"https:\/\/www.europesays.com\/uk\/wp-content\/uploads\/2025\/07\/7ec526d6-c087-49b2-9dc7-d0d7c04993c4_9b78160d.jpg\" title=\"Zou Lan, deputy governor of the People\u2019s Bank of China, spoke at a press conference on Monday. Photo: Handout\"\/>Zou Lan, deputy governor of the People\u2019s Bank of China, spoke at a press conference on Monday. Photo: Handout<\/p>\n<p datatype=\"p\" data-qa=\"Component-Component\" class=\"e8zc9q40 css-1c6uqr6 ec74h0k1\">In May, the PBOC announced a raft of supportive measures to shore up China\u2019s economy and stabilise capital markets against the backdrop of trade negotiations with the United States. The reserve requirement ratio \u2013 the amount of cash that commercial banks must hold as reserves \u2013 was cut by 0.5 percentage points, and the seven-day reverse repo rate \u2013 a benchmark interest rate \u2013 was lowered by 0.1 percentage point to 1.4 per cent. The rate of housing accumulation fund loans and relending facilities rate were also slashed by 0.25 percentage points.<\/p>\n","protected":false},"excerpt":{"rendered":"China\u2019s central bank intends to carefully calibrate the intensity and pace of its \u201cmoderately loose\u201d monetary policy implementation,&hellip;\n","protected":false},"author":2,"featured_media":264614,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3090],"tags":[3801,51,1395,101101,15397,101103,1700,3663,17436,29761,48584,101102,2917,16,15,3383,23106,42844,101100],"class_list":{"0":"post-264613","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-economy","8":"tag-beijing","9":"tag-business","10":"tag-china","11":"tag-china-centre","12":"tag-domestic-demand","13":"tag-economic-conditions","14":"tag-economy","15":"tag-financial-markets","16":"tag-monetary-policy","17":"tag-pboc","18":"tag-peoples-bank-of-china","19":"tag-the-conference-board","20":"tag-trade-negotiations","21":"tag-uk","22":"tag-united-kingdom","23":"tag-us-dollar","24":"tag-us-fed","25":"tag-yuan","26":"tag-zou-lan"},"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@uk\/114852428817167108","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts\/264613","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/comments?post=264613"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts\/264613\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/media\/264614"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/media?parent=264613"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/categories?post=264613"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/tags?post=264613"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}