Data map: People's Bank of China. Photo by Zhang Xinlong of China News Agency
Chinanews.net Client, February 24th (Shangguanyun) Regarding whether China will introduce a strong stimulus policy to alleviate the impact of the epidemic on the economic impact, Chen Yulu, deputy governor of the People's Bank of China, said at a conference on the 24th that the next step The People's Bank of China will make the prudent monetary policy more flexible and appropriate. There are three main types of measures: continue to maintain a reasonable and sufficient liquidity; use the policy's interest rate guidance to keep the overall market interest rate down and reduce corporate financing costs; and make greater use of structural monetary policy tools. On the one hand, the 300 billion special re-loans that have been introduced must continue to be used. At present, nearly 1,000 enterprises have obtained special re-loans. On the other hand, they make full use of existing inclusive monetary policy tools. In the near future, it is necessary to dynamically adjust the targeted RRR reduction policy so that more qualified banks can obtain preferential policies. In addition, we should give full play to the role of policy finance.