MNI BRIEF: PBOC'S Zou Promoted To Vice Governor Role

China’s State Council announced on Monday that Zou Lan, head of the People's Bank of China Monetary Policy Department, has been appointed as Vice Governor of the country's central bank.

Former Finance Minister Liu Kun has been appointed as the Chairman of the National Social Security Fund, the announcement added.

China will lower its reference lending rate further in 2025 as authorities aim to keep monetary policy accommodative to support Q4’s positive momentum. (See MNI PBOC WATCH: Rate Cuts Eyed For Further Economic Momentum)