China to moderately loosen its 2025 monetary policy: PBOC

China

China to moderately loosen its 2025 monetary policy: PBOC

2025-01-04 21:59 Last Updated At：22:37

The People's Bank of China (PBOC) announced on Saturday that its monetary policy for 2025 will be "moderately loosened", using a range of tools to ensure sufficient liquidity, stabilize financial growth, and improve funding efficiency to support high-quality economic development.

This policy approach aims to maintain stable and high-quality economic growth by adjusting key monetary tools, including the reserve requirement ratio (RRR) and interest rates, in response to both domestic and global economic conditions.

In addition to ensuring ample liquidity, the PBOC will focus on optimizing the use of existing financial resources to improve capital efficiency.

The central bank will also deploy structural monetary policy tools to refine the financial system, reinforcing coordination with fiscal policies. These measures are designed to enhance financial support for technological innovation and consumer-driven growth.

Furthermore, the PBOC plans to expand financing channels, encouraging companies to raise funds through bonds, equities, and other market-based instruments. The objective is to improve the overall quality and efficiency of financial services, ensuring they meet the evolving needs of the economy.

First 6 days of US strikes on Iran cost 11.3 bln USD: report

The first six days of the U.S. military campaign against Iran cost more than 11.3 billion U.S. dollars, the Washington-based Center for Strategic and International Studies reported on Friday.

The sheer scale of Operation Epic Fury, the U.S. military campaign against Iran, is making it one of the most expensive U.S. military campaigns in decades, according to a report by the center.

The report estimates the war is costing over 890 million U.S. dollars per day. The first 100 hours of the attacks which began Feb 28 were estimated at 3.7 billion dollars.

The Pentagon has informed Congress that week one alone cost American taxpayers more than 11 billion dollars.

The biggest expenses come from the deployment of air and naval forces. Air operations are estimated at around 30 million dollars a day, while naval operations add about 15 million dollars daily. Ground operations account for over a million and a half dollars per day.

By comparison, Operation Midnight Hammer, which targeted Iran's nuclear facilities in June 2025, cost up to 2.26 billion dollars, according to media report. The strike lasted just about two and a half hours.