China Banking News reported that at the 2024 Lujiazui Forum which ended last week, Pan Gongsheng, the Governor of the People's Bank of China, emphasized when reviewing the effectiveness of monetary policy and elaborating on its stance that unlike some central banks such as the European Central Bank which overall maintains a high interest rate and restrictive monetary policy stance, China's monetary policy stance is supportive and provides financial support for the sustained recovery and improvement of the economy. Pan Gongsheng also revealed that China is studying the future monetary policy framework to better serve high-quality development.
央行主管媒体：中国货币政策框架或将进入转型时刻
Central bank director: China's monetary policy framework may enter a transitional period.
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