sentences: it was noted at the meeting that since the beginning of 2024, the pboc has sought progress while giving top priority to the stability of macro policies, pursued a prudent monetary policy that is flexible, moderate, precise, and effective, strengthened the counter-cyclical adjustments, and used a mix of policy tools, such as interest rates, the required reserve ratio (rrr) and central bank lending, thereby providing support for the real economy, effectively forestalling financial risks, and creating a sound monetary and financial environment for economic recovery.