The State Council's report on the financial work situation: It is necessary to implement a moderately loose monetary policy.

[Report of the State Council on Financial Work: Implement Moderate Easing of Monetary Policy] The report on the financial work of the State Council was submitted for review at the 18th meeting of the Standing Committee of the 14th National People's Congress on the 26th. The report pointed out that it is necessary to implement moderate easing of monetary policy in detail, to create a suitable monetary and financial environment for consolidating and expanding the positive momentum of economic recovery. Effectively execute all the monetary policy measures that have been introduced, continuously release policy effectiveness, and study and reserve new policy measures. Strengthen the execution and supervision of the Interest Rate policy, and promote the reduction of the comprehensive financing costs in society. (Xinhua News Agency)

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