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PBOC Governor News Article: Stance of Supportive Monetary Policy Intact, Despite Change of Tone from 'Prudent' to 'Moderately Loose'
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The People's Bank of China (PBOC) governor said in an article on the front page of the Financial News that the latest tone set by the Central Economic Working Conference has been quite flattering for the market. In the industry's view, a moderately loose monetary policy implies abundant liquidity, a low interest rate level, and a relatively loose monetary and credit environment, which is conducive to further increasing financial support for financial support for key areas and weak links, guiding more capital to areas such as technological innovation, livelihood consumption, and green development, promoting consumption and investment, and better stimulating the endogenous power and innovative vitality of society as a whole. In fact, the stance of a supportive monetary policy remains unchanged, despite change of tone from "prudent" to "moderately loose". Observation of the monetary policy over a period of time revealed that a supportive monetary policy itself had a certain degree of flexibility. Against the backdrop of slowing domestic demand growth, a supportive monetary policy can truly yield results by stepping up counter-cyclical adjustments, promoting the stable and operation. If the downward pressure on the economy relieves, monetary policy will also return to normal. AAStocks Financial News |
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