"The effect of 'moderately loose' is emerging, and there is room for manoeuvre in monetary policy operations."

Since the beginning of this year, our country has strengthened countercyclical adjustments and implemented a moderately loose monetary policy. A series of measures have safeguarded the macroeconomic situation, nurtured the expectations of businesses, and maintained the resilience of the financial market. Experts believe that, in terms of policy effectiveness, the overall balance of multiple objectives such as "stabilizing growth, controlling prices, preventing risks, and promoting stability" has been achieved. In the face of uncertainties both domestically and internationally, the monetary policy toolbox is well-stocked, and new types of policy-based financial instruments are worth looking forward to.