At this stage, allow me to introduce my colleagues here in the Auditorium and then call upon the Chief Financial Officer, Mr Loeto, to kick-start the presentations. I thank you very much for your kind attention. 8
First, the sound monetary policy has been pursued in a more flexible and appropriate manner. A mix of monetary policy tools, including required reserve ratio (RRR) cuts, medium-term lending facility (MLF), open market operations (OMOs), central bank lending and central bank discounts, have been applied to keep liquidity adequate at a reasonable level and keep overall market interest rates stable with a slight decline.