The time of service and trade meeting | central bank Ruan Jianhong: If you do not engage in large water irrigation, the level of price will be basically stable

Zhongxin Jingwei, September 2 (Ma Jinglei Zongrun) "The current consumer price rises is relatively mild, creating good conditions for monetary policy regulation." On the 2nd, the Chinese people were Ruan Jianhong, director and spokesman of the bank investigation statistics, said that monetary policy will closely pay close attention to the inflation trend at home and abroad, do not engage in large water irrigation, do not exceed currency, and keep the level of prices basically stable.

From August 31st-September 5th, the 2022 China International Services Trade Fair (hereinafter referred to as the service trade association) hosted by the Ministry of Commerce of China and the Beijing Municipal People's Government was held in Beijing. "2022 China International Financial Annual Forum" is one of the Special Exhibition of the Financial Specialty Exhibition of the Service Trade Association.

Ruan Jianhong mentioned the future direction of the central bank's monetary policy. According to her, the first will continue to create a reasonable and abundant liquidity environment. Since the epidemic of new crown pneumonia, China's implementation of normal monetary policy has not been excessive, and it has reserved space for subsequent monetary cost and monetary policy regulation. The current rise in consumer prices is relatively mild, and it has also created good conditions for the regulation of monetary policy. Monetary policy should be further regulated by cyclical, maintaining the stable and moderate growth of monetary credit, maintaining reasonable liquidity, and helping economic development. At the same time, we also pay close attention to the inflation trend at home and abroad. The price level is basically stable.

Second, continue to improve the structural monetary policy tool system. The first is to continue to enrich and improve the structural monetary policy tool box. Long -term tools should pay attention to establishing a long -term mechanism, and staged tools to accelerate the implementation of the determined policies; secondly, insist on incentives. The central bank's funds must fully play the role of leverage, guide financial institutions' funds, and strengthen incentives and constraints to ensure precise drip irrigation. The last is to strengthen the coordination with the total tools. Structural policy tools have both the dual function of total and structurally, and have the ability to launch the basic currency. They need to coordinate and cooperate with the total tools to jointly maintain the reasonable and abundant liquidity.

Third, to further deepen financial reform and opening up, the market -oriented reform of interest rates must further improve the formation of market -oriented interest rate formation and conduction mechanism, stabilize the debt cost of banks, and promote the reduction of comprehensive financing costs of enterprises. The market -oriented reform of exchange rates should strengthen the flexibility of the RMB exchange rate, strengthen the management of expected management, and give play to the function of the automatic stable stabilizer of the macroeconomic and international revenue and expenditure. The RMB internationalization adheres to the market -led market, improves the institutional arrangement of cross -border use of RMB, and increases the convenience and operability of policies. At the same time, the financial regulatory system is constantly improving, improving regulatory capabilities, and keeping the bottom line that does not occur without systemic financial risks.

Ruan Jianhong emphasized that in the next step, the central bank will focus on further improving the efforts and quality of the financial services of the real economy, taking into account short -term and long -term, economic growth, and stability of prices, taking into account internal equilibrium and external balance, and supporting the prevention and control of the epidemic and economic and social development.

(For more report clues, please contact the author Ma Jing, mailbox: [email protected]) (Zhongxin Jingwei APP)

Editor in charge: Luo Yan

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