The central bank's Monetary Policy Committee held its third-quarter regular meeting, recommending enhanced policy coordination and flexibility
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AT A GLANCE
The central bank recommended coordinating incremental and existing policies and maintaining ample liquidity.
Article
Central bank: Recommend leveraging the combined effects of incremental and existing policies
PANews September 24 reported that the Monetary Policy Committee of the People's Bank of China 2026 third quarter of the year (the 114 th regular meeting) was held on September 19. The meeting studied the main approaches for monetary policy in the next stage and recommended leveraging the combined effects of incremental and existing policies, enhancing policy foresight, flexibility, and targeting, and, in light of domestic and international economic and financial conditions and financial market operations, appropriately managing the intensity, pace, and timing of policy implementation. Monetary policy tools should be used comprehensively and adjusted as appropriate to maintain ample liquidity and align the growth of aggregate social financing and money supply with economic growth and the target expectations for the overall price level. Efforts should be made to advance and improve the reform of the monetary policy operating framework.
The Monetary Policy Committee of the People's Bank of China 2026 third-quarter regular meeting was held on September 19.
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The meeting studied the main approaches for monetary policy in the next stage.
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The meeting recommended leveraging the combined effects of incremental and existing policies.
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The meeting recommended enhancing policy foresight, flexibility, and targeting.
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The meeting proposed using monetary policy tools comprehensively and adjusting them as appropriate to maintain ample liquidity.
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The meeting proposed advancing and improving the reform of the monetary policy operating framework.
AI-assisted interpretation
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This meeting discussed the direction of monetary policy for the next stage, focusing on coordinating existing and new policies, maintaining ample liquidity, and adjusting policy tools in response to economic and financial conditions.
Why it matters to readers
The policy statements address macro-financial conditions including liquidity, money supply, and aggregate social financing, and may serve as a reference for observing subsequent monetary policy arrangements.
It indicates that the central bank announced its policy approach for the next stage, but does not mean that specific reserve requirement cuts, interest rate cuts, or other tools have already been implemented.
Risks and unknowns
The original text does not specify when specific monetary policy tools will be adjusted or implemented.
The original text does not specify the arrangements for reforming the monetary policy operating framework.
This information was relayed by PANews and should be supplemented by monitoring subsequent official policy documents from the People's Bank of China.
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Related concepts
incremental policies
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