Expert: In the future, we should continue to implement a moderately loose monetary policy, grasp the intensity and pace well, and maintain strong support for the real economy.
From the perspective of quantity and price, the current monetary policy stance in China is supportive, creating a conducive monetary and financial environment to promote a reasonable rise in prices. Experts told reporters that, based on theory and international practice, monetary policy typically involves a certain time lag. Last year, the People's Bank of China implemented four rounds of significant monetary policy adjustments, and in May of this year, introduced a package of monetary policy measures. The effects of these policies will continue to manifest, and their positive effects will accumulate. Experts emphasize that while there is still some room for monetary policy, the marginal efficiency has significantly declined. It is important to be cautious of some negative effects that may arise from overly loose monetary and financial conditions, such as idle funds and increased volatility in the capital markets. In the future, it is necessary to continue implementing a moderately accommodative monetary policy, carefully balancing the intensity and pace, and maintaining strong support for the real economy.
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