Home » Yi Gang: Monetary policy should be adapted to the new stage of development, adhere to a stable word

Yi Gang: Monetary policy should be adapted to the new stage of development, adhere to a stable word

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Original Title: Yi Gang: Monetary Policy Must Be Adapted to the New Stage of Development, Persist in Steady Words

Summary

[Yi Gang: Monetary policy should be adapted to the new stage of development, stick to the stable word.]Central Bank Governor Yi Gang stated at the 13th Lujiazui Forum that the pressure of inflation and deflation from all quarters must not be taken lightly, considering my country The economy is operating within a reasonable range and near the potential output level, and the price trend is generally controllable. The monetary policy must be adapted to the new development stage, adhere to the principle of stability, and adhere to the implementation of normal monetary policy.

Central Bank Governor Yi Gang in the 13thLujiazuiThe forum stated that the pressures of inflation and deflation from all sides should not be taken lightly. Considering that my country’s economy is operating in a reasonable range and near the potential output level, the price trend is generally controllable.currencyThe policy should be adapted to the new development stage, adhere to the principle of stability, and adhere to the implementation of a normal monetary policy.

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Yi Gang: my country’s GDP growth rate will be close to the potential growth rate

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Yi Gang: forecast CPI annual average growth rate of less than 2%

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Yi Gang: Green transition is to encourage everyone to use more clean energy and less fossil energy

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Yi Gang: Monetary policy should pay attention to the impact of structural changes on price stability. Green transformation will increase prices.

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Yi Gang: We must continue to deepen the reform of interest rate marketization and unleash the potential of interest rate reform in the loan market

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Yi Gang, governor of the central bank, said that the current domesticinterest rateAlthough the level is higher than that of major developed economies, it is still relatively low in developing countries and emerging economies, and the overall level is maintained at an appropriate level, which is conducive to the stable and healthy development of various markets.To continue to deepeninterest rateMarket-oriented reforms will unleash the potential of interest rate reforms in loan market quotes. It is necessary to continue to improve the managed floating exchange rate system based on market supply and demand, with reference to a basket of currencies, to promote internal and external balance, and maintain the basic stability of the RMB exchange rate at a reasonable and equilibrium level.On the premise of keeping the total amount moderate, the currencyCreditThe policy mainly emphasizes two major structural aspects. (Source: Securities Times)

Yi Gang: Promote the disclosure of climate change-related information by major domestic commercial banks and promote it to market entities such as listed companies

Yi Gang, governor of the People’s Bank of China, said at the 13th Lujiazui Forum that the financial sector is encouraged to increase financial support for green industries. Research on carbon emission reduction support tools that reach the entity. Establish a climate and environmental information disclosure system. Promote major domestic commercial banks to disclose climate change-related information, and research and promote it to market entities such as listed companies. In the future, a unified information disclosure standard will be established. (Source: Securities Times)

Yi Gang: Promote commercial banks to accelerate the formation of a long-term mechanism for daring, willing, capable, and meeting loans

The Governor of the People’s Bank of China, Yi Gang, stated at the 13th Lujiazui Forum that he will continue to use structural monetary policy tools and leverage the combined efforts of departmental policies to guide banks to increase support for first loans and credit loans under the premise of sustainable business. . Encourage banks and enterprises to strengthen loan risk prevention in accordance with the principles of commercial sustainability. In-depth development of the project to improve the financial service capabilities of small, medium and micro enterprises, strengthen the use of financial technology, promote the loan-on-repayment model, and promote commercial banks to accelerate the formation of a long-term mechanism for dare to lend, willing to lend, capable of lending, and meeting loans. (Source: Securities Times)

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  Yi Gang: There are huge differences in whether inflation can continue in the long-term

Yi Gang, governor of the People’s Bank of China, said at the 13th Lujiazui Forum that the recent global crude oil and other commodities prices have risen rapidly. The short-term rise in global inflation this year has become a reality, but there are huge disagreements on whether inflation can continue in the long-term.(Source: Securities Times)

  Yi Gang: Will continue to support the construction of Shanghai International Financial Center

Yi Gang, Governor of the People’s Bank of China, stated at the 13th Lujiazui Forum that in the next step, the People’s Bank of China will continue to support the construction of the Shanghai International Financial Center. Support Shanghai to strengthen the function of global financial resource allocation, build a green financial hub that promotes dual cycles, promote the integrated high-quality development of the Yangtze River Delta, and help Shanghai become an important hub and bridge connecting the international and domestic markets under the new development pattern.(Source: Securities Times)

(Source: China Business News)

(Editor in charge: DF070)

Solemnly declare: The purpose of this information is to spread more information, and it has nothing to do with this stand.

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