China’s central bank: ‘Maintain a moderately accommodative monetary policy… keep liquidity ample’

The People’s Bank of China (PBOC) reaffirmed that it will maintain a moderately accommodative monetary policy stance to support economic stability and a recovery in prices.

According to BlockBeats, a media outlet specializing in virtual assets (cryptocurrencies), the PBOC said in its “China Monetary Policy Implementation Report for Q4 2025” released on the 10th: “We will take steady economic growth and a reasonable recovery in prices as key considerations for monetary policy, and will continue to conduct a moderately accommodative monetary policy effectively.”

The central bank explained it will finely calibrate the intensity, pace and timing of policy implementation, taking into account domestic and external economic and financial conditions as well as trends in financial markets. To that end, it said it will use a range of policy tools flexibly and efficiently, including cuts to the reserve requirement ratio (RRR) and adjustments to benchmark interest rates.

It also said it will keep liquidity ample and manage economy-wide financing conditions at a relatively accommodative level, guiding aggregate financing to grow at a reasonable pace and ensuring balanced credit supply. It further stressed that growth in the money supply will be managed to align with target expectations for economic growth and the price level.