Woofun AI reports that the People's Bank of China Monetary Policy Committee convened its second quarter 2026 meeting on July 8. The committee assessed the current economic landscape, noting complex external volatility, sluggish global growth, and persistent geopolitical tensions alongside domestic challenges of weak demand and structural differentiation.

The meeting reaffirmed the continuation of a moderately loose monetary policy, emphasizing increased intensity in counter-cyclical and multi-cycle adjustments. Officials highlighted the need to optimize the dual functions of monetary tools regarding quantity and structure, while strengthening fiscal-monetary coordination to support stable economic expansion and reasonable price increases.