Zou Lan, deputy governor of the central bank, said that from the perspective of economic theory and practical experience, the transmission of monetary policy takes time, and the effects of the implemented monetary policy will continue to be further revealed. In the next stage, the People's Bank of China will continue to implement a moderately loose monetary policy, closely monitor and evaluate the transmission of the previously implemented policies and their actual effects, grasp the strength and pace of policy implementation based on the domestic and international economic and financial situation and the operation of the financial market, better promote the expansion of domestic demand, stabilize social expectations, stimulate market vitality, and support the realization of the annual economic and social development goals and tasks. (China.com)
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