Keeping economic operation in a reasonable range, monetary policy is so effort

On July 13, 2022, a press conference was held at the Journalism Office of the State Council. Relevant comrades of the People's Bank of China introduced the financial statistics statistics in the first half of 2022. The press conference pointed out that the People's Bank of China will continue to do a good job of stable economy policies, increase the implementation of stable monetary policy, create a good monetary financial environment, form a policy joint force, and maintain economic operation in a reasonable range.

In March and April this year, affected by the unexpected factors at home and abroad, the downward pressure on my country's economy increased, and the income and balance sheets of some enterprises and residents were damaged. In this context, government departments have increased their support for the real economy. The cumulative increase of 6.7%year -on -year in the first 5 months of infrastructure investment, 0.5 percentage points higher than the growth rate of all investment, which reflects the meaning of macro -control. It is also a necessary measure for the economy to pass the economy.

It should be seen that the impact of the epidemic is mainly staged. Since May, the domestic epidemic situation has improved, and the State Council has been accelerating the implementation of a policy of stabilizing the economy. The fiscal policy, monetary policy, and industrial policies have all increased their implementation. The main economic indicators have improved significantly, and the general economic operation has bottomed out. From the perspective of financial data, credit investment has increased significantly. From January to June, corporate loans increased by 3 trillion yuan year-on-year, and corporate financing was generally better; residential loans were affected by the impact of the epidemic, but since June, it has also shown a recovery trend. In the future, with the overall control of the epidemic situation, the macro economy is expected to maintain a steady recovery, the asset and liabilities of enterprises and residents are expected to gradually improve and improve, and credit support will maintain strong efforts.

In the next stage, continue to increase the willingness of enterprises and residents to expand. The most important thing is to turn production and life more steadily and efficiently, maintain the economic recovery momentum, stabilize the income, expectations and confidence of the physical department, and further enhance the endogenous growth momentum and economy vitality. The People's Bank of China will continue to do a good job of stable economy policies and measures in accordance with the decision -making arrangements of the Party Central Committee and the State Council, increase the implementation of stable monetary policy, create a good monetary and financial environment, form a policy joint force, and maintain economic operation in a reasonable range. Specifically:

01

In terms of total

Maintain a reasonable and abundant liquidity, increase the credit support for the real economy, maintain the basis of currency supply and the growth rate of social financing, and the growth rate of the nominal economic growth rate.

Guide policy development banks to implement the scale of 800 billion yuan in credit and establish 300 billion yuan in financial instruments to support infrastructure construction.

02

Price

Give full play to the effectiveness and guidance of the loan market quotation interest rate reform, give play to the role of the market -oriented adjustment mechanism of deposit interest rates, guide financial institutions to transmit the decline in deposit interest rates to the loan terminal, and further promote financial institutions to reduce the actual loan interest rate.

03

Structure

Continue to use structural monetary policy tools to highlight financial support in key areas.

Since the second quarter of this year, the ratio of incentive funds provided by the People's Bank of China through the Incidential Loan Loan Supporting Tools has increased from 1%to 2%. , Special re -loan of transportation and logistics, continuously support the development of agricultural -related, small and micro enterprises, and cultivate new economic growth points.

Source: Seeking.com

Planning: Li Haihua

Production: Li Haihua

Review: Wu Qiang

Produced: Wang Zhaobin

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