Pan Gongsheng: Strengthen the regulation of market behaviors that diminish the effectiveness of monetary policy transmission

2026-04-12 01:09:48

On March 6th, at the press conference on the economy during the Fourth Session of the 14th National People’s Congress, People’s Bank of China Governor Pan Gongsheng stated that, based on changes in the economic and financial situation and the operation of the macroeconomy, he will guide and regulate interest rate levels, promote low social overall financing costs, strengthen the implementation and supervision of interest rate policies, and enhance regulation of market behaviors that are unreasonable or easily diminish the effectiveness of monetary policy transmission. Banks are required to clearly display the annualized comprehensive financing cost to enterprises and standardize financing intermediary fees. (People’s Financial News)

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