Chinanews.com, December 2. According to news from the WeChat public account of the "People's Bank of China" on the 2nd, Yi Gang, governor of the People's Bank of China, delivered a speech at the seminar on "Central Banks under Global Change" co-hosted by the Bank of Thailand and the Bank for International Settlements. Shi said that China's current inflation rate is about 2%, and it is expected that China's inflation will remain in a moderate range next year.
Yi Gang said that China's current inflation rate is about 2%, which is especially due to the bumper harvest of grain and the stability of energy prices.
China's natural gas and oil prices are basically in line with international levels, coal prices remain stable, and vigorous development of renewable and clean energy has played an important role in maintaining the basic stability of China's electricity prices.
China's inflation is expected to remain in a moderate range next year.
Yi Gang said that due to the impact of the new crown epidemic and other factors, China's economic growth rate was slightly lower than expected, and GDP in the third quarter increased by 3.9% year-on-year.
In order to stabilize growth and employment, the prudent monetary policy has been stepped up in a timely manner.
In terms of the total amount, the People's Bank of China has recently lowered the RRR by 25 basis points, leading to a decline in market interest rates.
At the same time, we also use structural monetary policy tools to continue to strengthen support for "agriculture, rural areas and farmers", small and micro enterprises, private enterprises and green development.
Yi Gang said that in the future, in the face of complex and severe situations and challenges, developed economies and emerging market economies need to strengthen cooperation in macroeconomic policies.
(China New Finance and Economics)