Chinanews.com, March 3rd. On March 3rd, the State Council Information Office held a series of press conferences on the theme of "The Authoritative Department's Opening". In response to the question "What kind of monetary policy will the People's Bank of China implement in 2023", the Governor of the People's Bank of China Yi Gang said that the recent monetary policy has supported high-quality economic development, which has the following characteristics:
First, our monetary policy maintains support for the real economy in aggregate.
Second, in terms of interest rate policy, we must focus on the domestic economy, maintain an appropriate level of real interest rates, and appropriately reduce financing costs.
Third, structurally, we increase support for key areas and weak links.
The series of structural monetary policies we have introduced also focus on green finance, technological innovation, infrastructure construction, and guaranteed housing, all of which are to support high-quality economic development.
This year's focus continues to emphasize these four aspects.
Yi Gang said that the idea for the next step is, on the one hand, the total amount of money and credit should be moderate, the rhythm should be stable, and the achievement of the decline in real loan interest rates should be consolidated.
On the other hand, the role of structural monetary policy should be brought into play appropriately, and strong support should be maintained for inclusive small and micro enterprises, green finance, technological innovation and other fields.
(China New Finance and Economics)