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 and inter-temporal adjustments, and used a mix of policy tools, such as interest rates, the required reserve ratio (rrr) and central bank lending, thereby providing effective support for the real economy, effectively forestalling financial risks, and creating a sound monetary and financial environment for economic recovery.