sentences: it was noted at the meeting that since the beginning of 2023, the pboc has sought progress while giving top priority to the stability of macro policies, implemented a sound monetary policy in a targeted and effective manner, strengthened the counter-cyclical adjustments, and used a mix of policy tools, such as interest rates and the required reserve ratio (rrr), thereby providing effective support for the real economy, effectively forestalling financial risks, and creating a sound monetary and financial environment for economic recovery.