Source: China Trade News
The official website of the People's Bank of China released the financial statistics for April on the 13th and answered reporters' questions. The central bank said that from the financial statistics in April, financial support for the real economy was stable. At the end of April, the growth rates of broad money (M2) and social financing scale were 10.5% and 10.2%, respectively, maintaining a high level of more than 10%. In the first four months, new loans reached 8.9 trillion yuan, the second highest level in history.
In the next stage, the People's Bank of China will, in accordance with the decisions and deployments of the CPC Central Committee and the State Council, place stable growth in a more prominent position, intensify the implementation of a prudent monetary policy, give better play to the dual functions of monetary policy tools in terms of volume and structure, and accelerate Implement the policies and measures that have been introduced, actively plan incremental policy tools, and support the economic operation within a reasonable range.
The first is to stabilize the total amount of credit. Comprehensive use of various monetary policy tools to maintain reasonably sufficient liquidity, enhance the stability of total credit growth, and maintain the growth rate of money supply and social financing scale to basically match the nominal economic growth rate, the macro leverage ratio will increase, but stay within a reasonable range.
The second is to reduce financing costs. Give full play to the efficiency of the reform of the interest rate quoted in the loan market, give full play to the role of the market-oriented adjustment mechanism for deposit interest rates, and promote the reduction of the cost of bank liabilities, thereby driving down the financing cost of enterprises. Encourage financial institutions to reduce fees and make reasonable profits to the real economy.
The third is to strengthen support for key areas and weak links. Supervise and urge financial institutions to fully implement the "23 Financial Regulations", support distressed enterprises in bailouts, smooth the national economic cycle, promote the development of foreign trade exports, and flexibly adjust households, small and micro business owners, individual industrial and commercial households, and flexible Employed personnel credit repayment arrangements.
The central bank sets the tone! About the next phase of monetary policy
Date:2022-05-20 Hits:42
