Economic Daily-China Economic Net, Beijing, March 27 (Reporter Chen Guojing) The People's Bank of China Monetary Policy Committee's first quarter of 2020 regular meeting was held in Beijing on March 26. The meeting held that the impact of the new crown pneumonia epidemic on China's economy was generally controllable, that China's economic growth remained resilient, and that the fundamentals of long-term improvement remained unchanged. The current situation of domestic epidemic prevention and control continues to improve, and the order of production and living is accelerating. However, the downward pressure on the economy has increased, the spread of overseas epidemics and its adverse effects on the world economy have also brought new opportunities to China's epidemic prevention and control and economic and social development. Challenge.
The meeting pointed out that it is necessary to track changes in the world economic and financial situation, strengthen research and analysis of the international economic situation, strengthen international macroeconomic policy coordination, and focus on doing their own business. In order to innovate and improve macroeconomic regulation and control, prudent monetary policy should pay more attention to flexibility and moderation, and put support for the recovery and development of the real economy in a more prominent position. Use a variety of monetary policy tools to maintain reasonable and adequate liquidity and maintain overall price stability. Effectively play the role of precision drip irrigation of structural monetary policy tools, make good use of the 300 billion yuan special reloan, the 500 billion yuan re-loan rediscount special line of credit, and the 350 billion yuan policy bank special credit line to guide financial institutions to increase protection against epidemics Credit support for resumption of work, production, poverty alleviation, spring ploughing, animal husbandry, and foreign trade. We will deepen financial supply-side structural reforms, guide the focus of service of large banks, promote small and medium-sized banks to focus on their main responsibilities, and improve a modern financial system that is highly adaptable, competitive, and inclusive. Make great efforts to clear the transmission of monetary policy, continue to unleash the potential of reforms to reduce the real interest rate of loans, guide financial institutions to increase their support for the real economy, especially small and micro enterprises, and private enterprises, and strive to achieve financial support for private enterprises and private enterprises. The contribution to economic and social development is adapted, and the supply system, the demand system, and the financial system are promoted to form a mutually supporting triangular framework, and the overall virtuous circle of the national economy is promoted. We will further expand the high-level two-way opening of finance and improve the ability of economic and financial management and risk prevention and control under the conditions of opening up.