Central Economic Work Conference: Implement a moderately loose monetary policy, timely reduce the reserve requirement ratio and interest rates, and maintain ample liquidity

According to Jinshi Data, from December 11 to 12, the Central Economic Work Conference was held in Beijing. The conference pointed out that a moderately loose monetary policy should be implemented, with timely reductions in reserve requirements and interest rates, maintaining ample liquidity, and ensuring that the scale of social financing and money supply growth aligns with the expected targets for economic growth and overall price levels. It is necessary to explore and expand the macro-prudential and financial stability functions of the central bank. A policy combination punch should be struck, strengthening the coordination and cooperation of fiscal, monetary, employment, industrial, regional, trade, environmental, regulatory policies, and reform and opening-up measures, improving the effective communication and feedback mechanism among departments, unifying economic and non-economic policies into a consistent macro policy orientation assessment, and enhancing the overall effectiveness of policies