The Political Bureau meeting of the CPC Central Committee: Make good use of a more proactive fiscal policy and a moderately loose monetary policy to cut the reserve requirement and interest rates in a timely manner

The Political Bureau of the CPC Central Committee held a meeting on April 25 to analyze and study the current economic situation and economic work. Xi Jinping, General Secretary of the CPC Central Committee, presided over the meeting. The meeting emphasized that it is necessary to step up the implementation of more active and promising macro policies, and make good use of more active fiscal policies and moderately loose monetary policies. Speed up the issuance and use of local government special project bonds and super long-term special treasury bonds. Firm the bottom line of the "three guarantees" at the grassroots level. Cut the RRR and interest rates in a timely manner, maintain abundant liquidity, and increase efforts to support the real economy. Create new structural monetary policy tools, establish new policy-based financial tools, support scientific and technological innovation, expand consumption, and stabilize foreign trade. Strengthen the consistency of policy orientation. (Jin Ten)