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人行:將繼續實施好適度寬鬆貨幣政策 進一步完善利率調控框架
人行發布2026年第一季中國貨幣政策執行報告,提及當前外部環境變化影響加深,世界經濟增長動能疲弱,地緣政治風險持續上升,供給衝擊和輸入型通脹壓力有所顯現,主要經濟體經濟表現分化,各國央行貨幣政策調整存在不確定性。中國經濟高質量發展向新向優,但持續穩中向好的基礎還需進一步鞏固。同時,中國經濟長期向好的支撐條件和基本趨勢沒有變,制度優勢和大國優勢不斷彰顯,要堅定...
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人行:將繼續實施好適度寬鬆貨幣政策 進一步完善利率調控框架
Recommend
57
Positive
69
Negative
17
 
 

人行發布2026年第一季中國貨幣政策執行報告,提及當前外部環境變化影響加深,世界經濟增長動能疲弱,地緣政治風險持續上升,供給衝擊和輸入型通脹壓力有所顯現,主要經濟體經濟表現分化,各國央行貨幣政策調整存在不確定性。中國經濟高質量發展向新向優,但持續穩中向好的基礎還需進一步鞏固。同時,中國經濟長期向好的支撐條件和基本趨勢沒有變,制度優勢和大國優勢不斷彰顯,要堅定信心,用足用好優勢,沉著應對各種風險挑戰,著力提升經濟韌性、夯實發展基礎。

人行將繼續實施好適度寬鬆的貨幣政策。增強政策前瞻性靈活性針對性,根據國內外經濟金融形勢和金融市場運行情況,把握好政策實施的力度、節奏和時機,加強貨幣財政政策協同配合,暢通貨幣政策傳導機制,促進經濟穩定增長和物價合理回升。靈活運用多種貨幣政策工具,保持流動性充裕和社會融資條件相對寬鬆,引導金融總量合理增長、信貸均衡投放,使社會融資規模、貨幣供應量增長同經濟增長、價格總水平預期目標相匹配。

此外,人行將進一步完善利率調控框架,強化央行政策利率引導,完善市場化利率形成傳導機制,發揮市場利率定價自律機制作用,加強利率政策執行和監督,降低銀行負債成本,引導金融機構提高利率定價能力,促進社會綜合融資成本低位運行。持續深化明示企業貸款綜合融資成本工作。發揮好貨幣政策工具總量和結構雙重功能,用好各類結構性貨幣政策工具,優化工具管理,紮實做好金融「五篇大文章」,加強對擴大內需、科技創新、中小微企業等重點領域的金融支持。

人行亦會堅持以市場供求為基礎、參考一籃子貨幣進行調節、有管理的浮動匯率制度,保持匯率彈性,發揮匯率調節宏觀經濟和國際收支自動穩定器功能,綜合施策,增強外匯市場韌性,穩定市場預期,防範匯率超調風險,保持人民幣匯率在合理均衡水平上的基本穩定。拓展豐富中央銀行宏觀審慎和金融穩定功能,完善宏觀審慎和金融穩定管理工具箱,維護金融市場平穩運行,堅決守住不發生系統性金融風險的底線。(jl/u)

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