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Central bank: to maintain a stable monetary policy neutral stability

Writer:JIEFU       Date:2017/1/9 16:20:34

Reporter learned from the central bank, the people's Bank of China 2017 working conference held the day before that 2017, to maintain a neutral monetary policy steady. Comprehensive use of a variety of monetary policy tools to regulate the flow of good liquidity, liquidity remained stable. Further improve the macro Prudential policy framework to guide the prudent operation of financial institutions. Play the role of monetary policy to optimize the credit structure, support and guide financial institutions to increase support for key areas and weak links.
The main tasks of the work of the meeting also proposed in 2017, continue to do a good job in the supply side structural reform of financial services. Further increase the intensity of steel and coal to the production, transformation and adjustment of key industries and the coordinated development of Beijing, Tianjin and other major national financial support strategy. Continue to do a good job in financial poverty alleviation. Increase the "double", science and technology, strategic emerging industries and other key areas as well as affordable housing projects, health care, employment, Small and micro businesses, minority areas such as financial support. Due to the city policy, continue to implement differentiated housing credit policy. In addition, effectively prevent and defuse financial risks, firmly hold the bottom line of systemic risk does not occur. Steadily push forward the reform of key areas and key links. Further promote market-oriented interest rate reform. Further improve the RMB exchange rate formation mechanism. Actively guide and stabilize market expectations, to maintain the basic stability of the RMB exchange rate at a reasonable and balanced level.
Insiders said that in 2016 the people's Bank of China working conference content comparison, the meeting on the expression of monetary policy from last year's prudent monetary policy change to maintain a stable monetary policy neutral". At the same time, the task of the prevention of financial risks in the financial reform before, and put forward firmly hold the bottom line of systemic risk does not occur". These are reflected in the central bank's monetary policy this year will return to true neutral, and deleveraging, squeeze bubble, risk prevention will become an important factor in policy considerations.


Category:Industry News