(New York / Shanghai Comprehensive News) Yi Gang, the governor of the People's Bank of China, mentioned China's monetary policy for two consecutive days, emphasized the importance of controlling inflation and stabilizing employment, and promised to provide more support for small and medium -sized enterprises, showing that the official currency to currency to currency to the currencyCareful attitude to stimulate policies.
According to comprehensive reports of First Finance and Bloomberg, the President of the People's Bank of China Yi Gang emphasized yesterday at the Boao Forum for Asia that the suitable monetary financial environment supported the stable start of China's economy in 2022.The primary task of Chinese monetary policy is to maintain stability of prices.He emphasized that this year's grain production and energy supply is very important for price stability.Financial services attach great importance to the production and imports of agricultural production, as well as the production and import of important energy such as coal, oil, and natural gas.As long as the food production and energy supply ensure that the price will stabilize in a reasonable range.
Yi Gang pointed out that geopolitical tensions have exacerbated global inflation pressure, and some fluctuations in China's financial markets have some fluctuations. There are both external impact factors, as well as internal factors such as domestic epidemics and increasing economic downlink pressure.
Faced with these challenges, China's monetary policy has increased its support for the real economy.Since December 2021, the quotation interest rate (LPR) of one -year and five -year loan market has fallen by 15 and 5 basis points, respectively.As of the end of March this year, the scale of broad currencies (M2) and social financing increased by 9.7%and 10.6%, respectively, significantly increased from the end of the previous year.In addition, the total profit of the central bank's deposit deposit in 2022 exceeded 1 trillion yuan (RMB, about S $ 200 billion), which is equivalent to increasing the financial expenditure of 1%of the total amount of GDP.
Yi Gang did not explain more extensive measures at the meeting of the International Monetary and Financial Commission (IMFC) the day before yesterday, such as interest rate cuts or providing more funds to banks.On the contrary, he emphasized that the central bank has played the role of structural policy tools and supports weak departments in the economy, such as small and medium -sized enterprises.He said: "China will continue to implement a stable monetary policy and will use a variety of tools to provide more support for small and medium -sized enterprises."
Yang Yuting, chief economist of Australia and New Bank Greater China, analyzed: "From today's speech, the possibility of large -scale looseness is very low, and the policy is still very cautious."support.
