2016-07-05 15:12

 

China to continue to implement prudent monetary policy

 

[direct network Beijing July 5th news] (people's network Wang Wendi Liu Zheng) 4, the people's Bank of China announced the two quarter monetary policy committee meeting. The meeting that the current economic and financial overall smooth, but the international financial market risk increased. To pay close attention to the latest trends in international and domestic economic and financial changes in international capital flows, continue to implement prudent monetary policy.
Central bank monetary policy committee in the second quarter of 2016, the regular analysis of the current domestic and international economic and financial situation, the current economic and financial operation in China is generally stable, but the complexity of the situation can not be underestimated. , the world economy is still in the international financial crisis of the depth of the adjustment period, the trend of major economies further differentiation and mild economic recovery in the United States, the eurozone recovery is to be consolidated and British referendum decision back in Europe lead to market volatility, the downturn in Japan, part of the emerging economies, the real economy faces many difficulties, the international financial market risks increased.
"Pay close attention to the changes in the international and domestic economic and financial and the latest trends in international capital flows, insist on maintaining stability in the overall tone of the work, to adapt to the economic development of the new normal, continue to implement a prudent monetary policy, pay more attention to the appropriate degree of tightness, flexible use of various tools of monetary policy, to maintain appropriate liquidity, to achieve a reasonable growth of monetary credit and social financing scale." Two quarter meeting pointed out.
The development of direct financing and the deepening of financial reform have been emphasized. Two quarter regular meeting to improve and optimize the financing structure and credit structure. Improve the proportion of direct financing, reduce the cost of social financing. In accordance with the requirements of the structural reforms to strengthen the supply side, continue to deepen the reform of the financial system, enhance the efficiency of financial operations and services to the real economy, strengthen and improve risk management.
On the RMB exchange rate, the two quarter meeting pointed out that to further promote the interest rate market and the RMB exchange rate formation mechanism reform, to maintain the basic stability of the RMB exchange rate at a reasonable and balanced level. 3
(original title: China to continue to implement prudent monetary policy)
Editor: Xiao Shen
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