PANews|Sep 10, 2026 07:37
[Central Bank Lu Lei: Monetary Stability and Financial Stability Are Always the Central Goals of the Central Bank's Work]
At the press conference held by the State Council Information Office, Lu Lei, Deputy Governor of the People's Bank of China, stated that monetary stability and financial stability are always the central goals of the central bank's work. This requires an efficient and stable framework, namely the dual-pillar framework composed of the monetary policy system and the macroprudential management system. It is essential to build a scientific and robust monetary policy system and a comprehensive macroprudential management system. Efforts should be made to carry out counter-cyclical and cross-cyclical adjustments, ensuring that the growth of social financing scale and money supply aligns with economic growth and the expected targets for the general price level. The mechanisms for market-based interest rate formation, regulation, and transmission should be improved. The decisive role of the market in exchange rate formation should be leveraged, enhancing the flexibility of the RMB exchange rate and maintaining the RMB exchange rate at a reasonable and balanced level with basic stability. The level of monetary policy communication and expectation management should be elevated.
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