Central Bank Liu Guoqiang: my country’s macro leverage ratio has declined for 5 consecutive quarters and will remain basically stable in 2022 – yqqlm

peopleBankVice President Liu Guoqiang said at a press conference of the State Council Information Office on the 18th that in 2021, under the background of scientific and effective epidemic prevention, remarkable results have been achieved in stabilizing leverage and promoting growth. In 2021, my country’s macro leverage ratio will be 272.5%, 7.7 percentage points lower than that at the end of 2020. If viewed by quarter, it has declined for five consecutive quarters.

Liu Guoqiang said that it is expected that the macro leverage ratio will remain basically stable in 2022. The Central Economic Work Conference pointed out that in 2022, economic work must be stable and steady, and macro policies must be stable and effective to enhance the endogenous driving force for development. The current macro leverage ratio continues to decline, creating space for the financial system to increase support for small and micro enterprises, technological innovation, and green development in the future.

“Five quarters of macro leverage declines for futurecurrencyPolicies create space, and the lower the leverage, the greater the space. From an international perspective, my country’s epidemic prevention and control situation is relatively good, and its economic growth is relatively resilient. It is expected that my country’s economic growth rate will still be faster than that of major developed economies this year. In this case, the denominator will remain relatively large to better maintain macro leverage in the future. The rate level creates the conditions. “Liu Guoqiang said.

(Article source: Xinhua Finance)

Article source: Xinhua Finance

Responsible editor: 10

Original title:[Financial Street Release]Central Bank Liu Guoqiang: my country’s macro leverage ratio has declined for 5 consecutive quarters and will remain basically stable in 2022

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