Reuters, Beijing, September 27-The Monetary Policy Committee of the People’s Bank of China held its third-quarter regular meeting last Friday, stating that a prudent monetary policy must be flexible, precise, reasonable and appropriate, maintain reasonable and sufficient liquidity, enhance the stability of total credit growth, and maintain currency The growth rate of supply and the scale of social financing basically matches the growth rate of the nominal economy, and the macro leverage ratio is maintained basically stable; the healthy development of the real estate market is maintained, and the legitimate rights and interests of housing consumers are protected.
The central bank’s website issued a press release on Monday citing the meeting as saying that the current global epidemic is still evolving, the external environment is becoming more severe and complex, and the domestic economic recovery is still unstable and uneven. You must concentrate on doing your own affairs and designing cross-cycle policies. , Make overall arrangements for the convergence of macro policies this year and next. Persist in putting service to the real economy in a more prominent position, maintain the overall stability of the economy, and enhance the resilience of economic development.
“Improve the market-based interest rate formation and transmission mechanism, improve the central bank’s policy interest rate system, optimize deposit interest rate supervision, continue to unleash the potential for the reform of the loan market quoted interest rate, and promote the further reduction of actual loan interest rates.” The meeting said.
In addition, it is necessary to support banks to replenish capital and improve their ability to serve the real economy and prevent financial risks. Further play the leading role of measures such as re-lending, rediscounting, and direct monetary policy tools to the real economy, make good use of the 300 billion yuan additional small re-lending line, support the increase in loans for small and micro enterprises and individual industrial and commercial households, and implement inclusive benefits The deferred principal and interest payment policy for small and micro enterprise loans and the postponement of the credit loan support plan, comprehensively implement policies to support coordinated regional development.
It is necessary to promote the implementation of carbon emission reduction support tools in an orderly manner to improve the green financial system with the goal of promoting carbon peak and carbon neutrality.
It is also necessary to deepen the reform of exchange rate marketization, enhance the flexibility of the RMB exchange rate, guide enterprises and financial institutions to adhere to the concept of “risk neutrality”, strengthen anticipation management, grasp the balance between internal and external equilibrium, and maintain the basic level of the RMB exchange rate at a reasonable and balanced level. Stablize. (over)
Issued by Xu Jing; reviewed by Lin Gaoli
.