中国人民银行发布2026年第二季度货币政策执行报告，对全球和国内货币政策走向做出新的判断[1]。报告指出，海外主要经济体央行的货币政策立场正在转变[1]。截至7月底，欧洲央行和日本央行已实施加息，美联储则维持利率水平不变但传递出鹰派信号[1]。
央行认为本轮主要经济体货币政策的调整幅度将相对温和，对全球经济的冲击可能小于以往[1]。与此同时，中国将继续实施适度宽松的货币政策，根据国内外经济形势灵活运用各类货币政策工具，确保流动性保持充裕状态，为社会融资创造相对宽松的条件[1]。
China's central bank released its monetary policy execution report for the second quarter of 2026, projecting a gradual shift in the monetary stance of major global economies while maintaining its own accommodative approach domestically [1]. As of the end of July, the European and Japanese central banks had raised interest rates, while the Federal Reserve kept rates unchanged but signaled hawkish intentions [1]. The central bank anticipates that the current round of policy adjustments among major economies will proceed relatively gently, with potential impacts that may be smaller than those experienced in previous cycles [1].
The People's Bank of China will continue implementing a moderately loose monetary policy, flexibly adjusting its policy instruments in response to both domestic and international economic conditions [1]. The bank aims to maintain ample liquidity and relatively accommodative social financing conditions through the comprehensive deployment and timely adjustment of monetary policy tools [1].