PBOC's Zou Lan: Make good use of the monetary policy toolbox to play a dual role of both quantity and structure, and introduce incremental policies in a timely manner.

Zou Lan, Deputy Governor of the People's Bank of China, stated at a press conference held by the State Council Information Office on April 28 that, according to the domestic and international economic situation and the operation of the financial market, they will timely adjust reserve requirements and interest rates, maintain adequate liquidity, make good use of the dual functions of the total and structural aspects of the monetary policy toolbox, create new structural monetary policy tools, focus on key areas such as stabilizing employment and growth, and provide precise support for financial services. They are also studying ways to enrich the policy toolbox and will introduce incremental policies in a timely manner to support stable employment, stable enterprises, stable markets, and stable expectations.