China Economic Semi -annual Daily | my country has sufficient policy space to deal with super expected challenges

CCTV News: At the press conference held by the State Council's Journalism Office on the afternoon of July 13, Zou Lan, director of the Monetary Policy Department of the People's Bank of China, said that in recent years, we have adhered to the implementation of normal monetary policy to cope with the new over -expected new new new new monetary policy. Challenge and new changes have left sufficient policy space and tool reserves. In the second half of the year, the People's Bank of China will continue to implement a stable monetary policy to accelerate the implementation of the determined policies and measures.

Is there possible interest rate cuts in the future? Zou Lan said that at present, the seven -day repurchase of weighted interest rates in the 7 -day repurchase of deposit institutions of banks is about 1.6%, which is lower than the open market operating interest rate, and its liquidity is maintained at a more reasonable and sufficient level. The interest rate of corporate loans from January to June was 4.32%, a year -on -year decrease of 0.31 percentage points, which continued to decline steadily, and then set a new low since statistics.

Zou Lan said that the central bank is highly concerned about the accelerated tightening of the monetary policy of major economies. In the early stage, measures have been adopted for adjustment of foreign exchange deposit reserves and strengthening measures for cross -border capital flow macro -prudential management. The negative spillover impact caused by changes in the external environment.

Source: CCTV

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