PBoC Q1 Monetary Policy Implementation Report: Will continue to implement appropriately loose monetary policy

FIRMS To enhance the forward-looking, flexible, targeted nature of policies. Will strengthen financial support for expanding domestic demand, scientific and technological innovation, and micro, small and medium-sized enterprises. POLICY To utilise a variety of monetary policy tools flexibly to maintain ample liquidity and relatively loose social financing conditions. To reform and improve the LPR mechanism, focusing on improving quote quality to better reflect actual lending rates. To strengthen the coordination of monetary and fiscal policies. FX To prevent the risk of overcorrection of the exchange rate and maintain the basic stability of the Yuan exchange rate at a reasonable and balanced level. To maintain exchange rate flexibility. OILHigher oil prices can help China's prices rebound.PRICESNeed to pay close attention to the impact of imported inflation.