Central bank officials: In particular, the monetary policy should be appropriately rel

(Beijing Comprehensive News) Xu Nuojin, president of the Zhengzhou Center Sub -branch of the People's Bank of China, believes that the use of monetary policy tools should be appropriately relaxed in a special period, and the effectiveness of the policy can be enhanced by expanding the policy coverage.

Xu Nuojin wrote in the China Financial Times pointed out that due to specific reasons, the coverage of monetary policy launched in the epidemic is still gapd away from society, and the policy effect needs to be further stimulated.From the perspective of re -loan and re -discounting policy, the requirements of central bank rating and macro -prudential assessment results are restricted to the scope of re -loan and re -discounting.

He suggested that the implementation of regional differentiated monetary policy should be explored, and the central and western regions should be tilted to the central and western regions in the aspects of reserves and re -loan re -discount policies.In terms of re -loan and re -discounting policies, a more favorable re -loan re -discount rate is given to the Midwest, and the refinancing restrictions on the re -loan re -loan re -discounting limit in the central and western regions will be appropriately increased.

The article also pointed out that under the situation where the economic downward pressure is still large, it can further guide the decline in the interest rate of the deposit loan, especially by guiding the deposit interest rate to expand the downward space for loan interest rates.In addition, it should be accelerated to the launch of monetary policy tools that are actively actively and active in fiscal policy, and maximize the efficiency of policy synergy; we can consider launching tools such as new infrastructure special re -loans, and policy banks will be tried first to stimulate the coordinated efficiency of currency and fiscal policy.

Xu Nuojin also suggested that it is necessary to further enhance the accuracy of structural monetary policy tools and improve the ability to serve the new development pattern; continue to deepen market -based reform and improve the ability to cope with impact; strengthen macro -prudential management to prevent internal and external parts prevent internal and external partsrisk.