PBoC to Maintain Accommodative Monetary Policy, Says Governor Pan Gongsheng

The People's Bank of China (PBoC) will persist with an appropriately accommodative monetary policy in the upcoming phase, according to Governor Pan Gongsheng. According to NS3.AI, Pan emphasized the importance of enhancing both counter-cyclical and cross-cyclical adjustments. He also highlighted the need to establish a scientific and robust monetary policy framework to support economic stability.