The People’s Bank of China enhanced its counter-cyclical adjustment measures at its second-half 2026 conference, maintaining a « moderately loose » monetary policy. The institution announced no specific quantitative targets, rate cut figures, or implementation timeline, choosing flexibility over firm commitments. Priorities include high-quality development of a technology board, support for small and medium-sized enterprises, and the private sector. The explicit rejection of excessive stimulus aims to prevent asset bubbles and unsustainable local government debt.
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