Industry experts: The main tone of "moderately loose" monetary policy has not changed

On June 30th, recently, the Monetary Policy Committee of the People's Bank of China held a regular meeting for the second quarter of 2025. In terms of monetary policy orientation, it is the same as the first quarter regular meeting. This regular meeting once again mentioned the need to implement a moderately loose monetary policy. < b > Industry experts believe that this means that although the economy is running steadily and well in the first half of the year, the main tone of monetary policy "moderately loose" has not changed in the context of the challenging external environment and insufficient domestic effective demand. The People's Bank of China will continue to adhere to the supportive monetary policy stance. In terms of specific monetary policy operations, compared with the first-quarter regular meeting, which proposed "choosing the opportunity to cut the reserve requirement and interest rate", this regular meeting proposed "according to the domestic and foreign economic and financial situation and the operation of financial marekts, flexibly grasp the intensity and rhythm of policy implementation".