Expert: The inflation target of about 2% in China should be viewed from a medium to long-term perspective.

In October, the national consumer price index turned from a decrease to an increase - up 0.2% year-on-year and up 0.2% month-on-month. Price stability is an important goal of monetary policy, and the central bank has repeatedly emphasized the importance of promoting a reasonable rise in prices. Industry experts have noted signs of stabilization in prices recently. According to international experience, the effects of monetary policy typically have a certain time lag, and the target of around 2% inflation in China should be viewed reasonably from a medium to long-term perspective. Supportive monetary policy has created a favorable monetary and financial environment for promoting a reasonable increase in prices. However, it should also be noted that while there is still some room for monetary policy, the marginal efficiency has clearly decreased. Industry experts believe that the current low-price operation is the result of various factors affecting supply and demand, and promoting a reasonable increase in prices also requires the combined effect of macroeconomic policies to maintain policy consistency.