The Monetary Policy Committee of the People's Bank of China said that the RMB exchange rate is expected to be generally stable, and it has played a function of macroeconomic stabilizers.However, China's domestic economy still faces the pressure of shrinkage, supply impact, and expected weakness. It is necessary to increase the implementation of stable monetary policy and stabilize employment, prices and macroeconomic markets.
According to the official website of the People's Bank of China on Thursday (September 29), the Monetary Policy Committee of the People's Bank of China was held on Friday (23) in the third quarter meeting of the third quarter of 2022.Yi Gang, chairman of the Monetary Policy Committee, chaired the meeting.
The meeting pointed out that since this year, China has adhered to the overall planning of epidemic prevention and economic and social development, effectively implemented macro policies, and stabilized the basic market for economic and social development to the greatest extent.The stable monetary policy is flexible and moderate, maintaining continuity, stability, and sustainability, scientifically manage market expectations, effectively serve the real economy, and effectively prevent and control financial risks.The dividend of the loan market quotation interest rate reform has continued to be released, the efficiency of monetary policy conduction has increased, and the loan interest rate has been steadily reduced.The RMB exchange rate is expected to be stable, two -way floating and elasticity enhancement, which has exerted the function of macroeconomic stabilizers.
The meeting said that the current global economic growth has slowed down, the inflation is high, geopolitical conflicts continue, and the external environment is becoming more complicated and severe. The overall domestic economy continues to resume development, but it still faces demand shrinkage and shocks of supply shocks., I expect to change the pressure of the weakening.
The requirements of the meeting must fully implement the requirements of "the epidemic should be defended, the economy must stabilize, and the development must be safe", the word is the first, the progress is stable, and the adjustment of cross -cycle and reverse cycle adjustment, increasedStable monetary policy implementation, play a dual function and structural dual function of monetary policy tools, provide more powerful support for the real economy, strive to stabilize employment and prices, and stabilize the macroeconomic market.
The meeting also pointed out that it is necessary to further unblock the monetary policy transmission mechanism, maintain reasonable liquidity, enhance the stability of total credit growth, and maintain the growth rate of monetary supply and the growth rate of social financing.match.Use policy development financial instruments to focus on supporting infrastructure construction.Under the favorable conditions of domestic food stable production and the smooth operation of the energy market, the level of price is basically stable.
The meeting pointed out that structural monetary policy tools should strengthen support for key areas, weak links and epidemic affected industries, support financial institutions to distribute and transform loans in key areas such as manufacturing, comprehensively apply regional coordination to support regional coordinationdevelop.At the same time, it is necessary to deepen the structural reform of the financial supply side, guide the service of large banks to sink, promote small and medium banks to focus on the main business, support banks to supplement capital, and jointly maintain the stable development of the financial market.
The meeting emphasized that the need to improve the formation and conduction mechanism of market -oriented interest rates, optimize the central bank's policy interest rate system, play an important role of the market -oriented adjustment mechanism of deposit interest rates, play the effectiveness and guidance role of the loan market quotation interest rate reform, promote the reduction of enterprises to reduce enterprisesComprehensive financing costs and personal consumer credit costs.Deepen the market -oriented reform of the exchange rate, strengthen the elasticity of the RMB exchange rate, and guide enterprises and financial institutions to adhere to the concept of "risk neutrality", strengthen expected management, and maintain the basic stability of the RMB exchange rate at a reasonable balance.
The meeting also said that it is necessary to build an institutional mechanism that effectively supports the real economy, improve the financial support innovation system, guide financial institutions to increase the medium- and long -term loans of manufacturing, strive to stabilize the industrial chain supply chain, and strive to achieve financial pairs of financial pairsThe support of private enterprises is compatible with the contribution of private enterprises to the development of economic and social development to promote the realization of carbon peaks and carbon neutrality to improve the green financial system.Optimize consumer financial services in the fields of consumer goods and social services, and continue to increase financial support for enterprises to stabilize posts and entrepreneurship and employment in key groups.
The meeting also emphasized that it is necessary to promote the special borrowing of "insurance and diplomas" to accelerate the use of landing and use it to increase the efforts appropriately, guide commercial banks to provide supporting financing support, safeguard the legitimate rights and interests of housing consumers, support rigidity and improvementThe demand for sex housing promotes the steady and healthy development of the real estate market.Promote the healthy and sustainable development of platform economy, and implement normalized supervision of the platform economy.Promote the high level of financial openness in two -way openness, and improve economic management capabilities and capacity prevention and control risks under open conditions.
The meeting emphasized that it is necessary to take Xi Jinping's thoughts of socialism with Chinese characteristics in the new era, in accordance with the decision -making and deployment of the Central Committee of the Communist Party of China and the State Council, adhere to economic construction as the center, adhere to the "two unshakables", implement new new new, implement new new new, implement new new new, implement new new new, implement new new new, implement new new new, implement new new new, implement new new new, implement new new new, implement new new new, implement new new new, and implement new new new.Development concepts, accelerate the establishment of a new development pattern, strengthen the foundation of economic restoration development, maintain economic operation in a reasonable range, promote high -quality economic development, and welcome the 20th CPC victory with excellent results.
