China-Singapore Jingwei Client, February 7th. According to the news of the central bank's WeChat account on the 7th, the Monetary Policy Department of the People's Bank of China was recently awarded the title of "Model Organization for the Central and State Organs".
The Party Branch of the Monetary Policy Department keeps in mind that “everything is impossible to control money is useless”, implements a prudent monetary policy, and guards the people's “money bag”.
Comprehensive use of multiple monetary policy tools to maintain reasonable and sufficient liquidity, maintain a reasonable growth of money and credit, and increase financial support for private and small and micro enterprises.
According to sources, recently, the Party Work and Discipline Inspection Work Conference of the Central and State Organs was held in Beijing.
The meeting commended 10 central and state agencies for creating model agencies and 110 advanced units.
The Monetary Policy Department of the People's Bank of China was awarded the title of "Model Unit for the Central and State Organs".
The Party Branch of the Monetary Policy Department keeps in mind that “everything is impossible to control money is useless”, implements a prudent monetary policy, and guards the people's “money bag”.
Maintain strategic determination on the total amount, do a good job of cross-cycle design, and use tools such as macroprudential assessment (MPA) to control the currency gate.
Structurally implement precise drip irrigation, design and innovate structural monetary policy tools, and play the directional guiding role of structural tools such as targeted RRR cuts, refinancing, and rediscounting, and effectively support key economic areas and weak links.
Comprehensive use of multiple monetary policy tools to maintain reasonable and sufficient liquidity, maintain a reasonable growth of money and credit, and increase financial support for private and small and micro enterprises.
Adhere to market-based rule of law to resolve financial risks, and guide financial institutions to return to serving the real economy.
Unswervingly reform and opening up, promote the reform of the loan market price rate (LPR), improve the market-based interest rate formation and transmission mechanism, and reduce financing costs and optimize the credit structure through reforms.
Deepen the market-oriented reform of the RMB exchange rate, and grasp the balance between internal and external equilibrium.
Actively use the "Monetary Policy Implementation Report", regular policy briefings, financial data releases and platforms such as the official website of the People's Bank of China and WeChat official account to strengthen policy communication and stabilize market expectations.
According to reports, since 2020, in the face of the severe impact of the new crown pneumonia epidemic, 300 billion, 500 billion and 1 trillion reloans and discounts have been introduced in stages, the deposit reserve ratio has been reduced three times, and the extension of loans for inclusive small and micro enterprises has been established. The debt service support tool and the inclusive small and micro enterprise credit loan support program are two direct monetary policy tools. The growth rate of M2 and social financing is significantly higher than that of the previous year. The comprehensive financing cost of enterprises has dropped significantly, and the financial system has made a profit to the real economy 1.5 The trillion-dollar target strongly supports the overall planning of epidemic prevention and control and economic and social development, adheres to the aspirations of finance as the beginning of the people with practical actions, and practices the fundamental purpose of the party.
With the joint efforts of all parties, my country has become the world's first major economy to achieve positive growth, and it is also one of the few major economies that implement normal monetary policies.
Source: Central Bank Wechat
(Zhongxin Jingwei APP)