Zhou Xiaochuan: Monetary Policy Should Be Focused
Central bank governor Zhou Xiaochuan recently wrote in "China finance" that during the period of reform and pition, monetary policy should be based on
China's actual condition
To grasp the balance between the four objectives of currency stability, economic growth, full employment and international balance of payments, we must grasp the balance between overall consideration and overall balance, and focus on the major contradictions and outstanding problems in the macro-economic operation for a period of time. We should consider multiple objectives with different weights and reasonably grasp the intensity, rhythm and emphasis of policy implementation.
Zhou Xiao Sichuan
It is necessary to further improve the modern financial regulation system with indirect regulation and control, and constantly enrich the means of regulation and control by the central bank.
We should attach great importance to the microscopic foundation of monetary policy pmission, continue to deepen the reform of financial institutions, reform the interest rate market and reform the RMB exchange rate formation mechanism, enhance the sensitivity of the economic subjects to monetary policy, enhance communication with the market and the public, guide the anticipation reasonably, and ensure timely and effective pmission of monetary policy.
At the same time, we should strengthen the coordination of monetary policy with industrial policies and fiscal policies, consciously maintain the unity of macroeconomic regulation and control, and give full play to the overall effect of various policies.
After reviewing the process of the reform of the RMB exchange rate mechanism, Zhou Xiaochuan pointed out that
Floating exchange rate system
It is a choice based on China's national conditions and development strategy. It is an inevitable requirement for deepening reform and opening to the outside world, especially after joining the world trade organization, adapting to the new development and opening up pattern. It is compatible with China's economic development stage, market system improvement process, financial supervision level and enterprise bearing capacity, and is in line with China's long-term and fundamental interests.
He said he would dynamically manage and regulate the fluctuation of the RMB exchange rate in accordance with the floating range of the announced exchange market exchange rate.
We should constantly raise the level of regulation and control, improve the management of foreign exchange, and maintain the basic stability of the RMB exchange rate at a reasonable and balanced level.
In addition, Zhou Xiaochuan also said it would continue to support cross-border trade RMB settlement business.
According to reports, as of the end of 8 this year, the bank has handled cross-border trade RMB settlement business 145 billion yuan.
- Related reading
- Market topics | How About The World Of Fashion?
- Fashion blog | Angela Baby, VS, Gianna Jun, Liu Tao And Zhao Wei Play The Role Of The Old Goddess.
- Star Design | The Cannes Film Festival Witnessed Guo Jizhang'S "Tall Upper" Shape.
- Visual gluttonous | Liu Tao And Zhang Ziyi Are Fighting For Bea Hayden.
- Star wardrobe | 韓彩英造型撞衫葉璇 奚夢瑤與趙麗穎VS米蘭達
- Fashion character | Han Bai Wanted The Art Red Carpet. Kim Su Hyon And Gianna Jun Appeared Together.
- Successful case | Textile City Old Firm Online Trading Volume Is Expected To Exceed The Physical Store
- Standard quality | TUV Group, Rhine, Germany Holds Public Safety Day
- Expo News | Textile Industry Overseas Exhibition Opens In The Era Of Great Exhibition
- International Data | Adidas'S Net Profit Fell 34% In The First Quarter Of This Year.
- In The Three Quarter, Private Equity Funds Were Not Exposed To Public Offerings.
- How Does "Poor Student" Write His Resume?
- Mishka Joint Ellen&Nbsp; Stagg To Create 2010 Autumn Erotic Women's Lookbook
- SFC Suspended Applications For Housing Enterprises Reorganization
- Exchange Rate Report "Nuclear Deterrence": Sino US Economic Diplomacy Rush Hour
- The Lifting Of The Ban Period Is Approaching &Nbsp.
- Does The Us Investigate Whether China'S Clean Energy Industry Violates WTO Rules?
- The 5 Most Potential Professional In The Future
- Chen Mingqing, Chairman Of Zhejiang Blue Sky Textile & Apparel Technology Co., Ltd.
- Kangtai Footwear Industry Is Actively Developing Customized Products For Hand-Made Shoes.