The governor of the People’s Bank of China pledged to continue supportive monetary policy in 2025, as markets await a high-level meeting later this month to set the tone for macroeconomic policies next year.
Pan Gongsheng, governor of the People’s Bank of China, said on Monday that the central bank will continue to adhere to a supportive monetary policy stance in 2025, using a mix of monetary policy tools to promote countercyclical adjustments.
Addressing a financial forum in Beijing, Pan stressed that the People’s Bank of China will work to ensure reasonable and abundant liquidity while reducing overall financing costs for companies and households.
Structural monetary policy tools will play a vital role, Pan said, adding that efforts will be made to promote the stable development of real estate and capital markets.
Ban also highlighted plans to advance reforms within the monetary policy framework. These will include strengthening interest rate policy implementation and transmission, as well as enriching the tools in the monetary policy toolkit.
