Central Bank: Adhere to implementing a moderately loose monetary policy to create a suitable monetary and financial environment for stable economic growth, high-quality development, and the smooth operation of the financial market. Enhance the forward-looking, flexible and pertinent nature of policies, comprehensively apply and adjust monetary policy tools according to domestic and foreign economic and financial situations and financial market operations, grasp the intensity, pace and timing of policy implementation, maintain sufficient liquidity and relatively relaxed social financing conditions, and guide the growth of social financing scale and money supply to match the expected goals of economic growth and overall price levels. Promote the reform and improvement of the monetary policy operating framework in a steady and orderly manner, and better guide short-term interest rates in the money market to run smoothly around policy interest rates. Give full play to the role of a self-regulatory mechanism for market interest rate pricing, strengthen the implementation and supervision of interest rate policies, promote the transformation of loan interest rate pricing benchmarks from relatively single reference interest rate pricing in the loan market to more diverse pricing benchmarks, continue to deepen efforts to clarify comprehensive financing costs for corporate loans, reduce intermediate financing costs, and promote the operation of comprehensive social financing costs at a low level. Give full play to the role of various structural monetary policy tools, continuously improve the design and management of tools, solidly complete the “Five Major Articles” on finance, and strengthen financial support in key areas such as expanding domestic demand, scientific and technological innovation, micro, small and medium-sized enterprises, and the construction of the “Six Zhang Network”. Continue to improve financial services to support the growth of private economic development. Adhere to a managed floating exchange rate system based on market supply and demand, adjusted with reference to a basket of currencies, maintain exchange rate flexibility, use the macroeconomic and balance of payments automatic stabilizer functions for exchange rate regulation, adopt comprehensive measures to enhance the resilience of the foreign exchange market, stabilize market expectations, prevent the risk of exchange rate overadjustment, and maintain the basic stability of the RMB exchange rate at a reasonable equilibrium level. Expand and enrich the central bank's macroprudential and financial stability functions, improve the toolbox, maintain the smooth operation of the financial market, persevere in risk prevention and mitigation, and resolutely adhere to the bottom line that systemic financial risks do not occur.

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