Central Bank: Inflation Pressure Has Eased But Is Still High.

2011/10/11 8:25:00 22

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Central Bank Inflation Eased High

People's Bank of China

currency

The policy committee's three quarter regular meeting said that China's economy continued.

stable

Faster development, inflationary pressure has eased, but is still at a high level, we must continue to implement well.

Steady

Monetary policy.

The meeting stressed that we should pay close attention to the latest trends and impacts of international and domestic economic and financial affairs, continue to implement a sound monetary policy, stabilize the general price level as the primary task of macroeconomic regulation and control, enhance the pertinence, effectiveness and foresight of regulation, and pay attention to the rhythm and intensity of policies.

We should make comprehensive use of various monetary policy tools and improve macro prudential policies.

frame

We should effectively manage liquidity and maintain a reasonable scale of social financing and monetary aggregates.

Efforts should be made to optimize the credit structure, further adjust the industrial structure, guide financial institutions to raise the level of financial services, and increase credit support for structural adjustment.

We should continue to play the role of direct financing to better meet diversified investment and financing needs.

We should further improve the RMB exchange rate formation mechanism and maintain RMB.

exchange rate

Basically stable at a reasonable and balanced level.

The meeting held that China's economic and financial operation is developing in the direction of macro regulation and control. However, the situation facing economic and financial development is still complex, and the world economy continues to recover slowly, but there are still many risk factors. China's economy continues to develop steadily and rapidly, while inflation pressure has eased, but it is still at a high level.