Central Bank: In the next stage, we will choose the right time to reduce the reserve requirement ratio and interest rate

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Rina7RS
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Central Bank: In the next stage, we will choose the right time to reduce the reserve requirement ratio and interest rate

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In terms of global asset performance ,the onshore RMB fell below . to . against the US dollar, hitting a new low since early November ; the offshore RMB fell below . against the US dollar at one pointpot gold fell ., rising above $, this week before giving up gains,with a cumulative increase of .TI February crude oil futures closed up ., up about . this weekrent crude oil futures for March closed up ., up . this week.

The People's Bank of China meeting studied the main ideas of monetary policy in the next stage, and suggested increasing the intensity of monetary policy regulation, improving the foresight, pertinence and effectiveness of monetary policy regulation, and choosing the right time to lower the reserve requirement ratio and interest rates based on the domestic and international economic and financial situation and the operation of the financial markets.

Maintain ample liquidity and guide financial institutions to increase morocco phone number list monetary and credit supply to ensure that the scale of social financing and the growth of money supply match the expected targets of economic growth and the overall price level. Enrich and improve the monetary policy toolbox, carry out government bond trading, and pay attention to changes in longterm yields.

Smooth the monetary policy transmission mechanism, improve the efficiency of fund use, and prevent idle capital. Enhance the resilience of the foreign exchange market, stabilize market expectations, strengthen market management, resolutely deal with behaviors that disrupt market order, resolutely prevent the formation of unilateral consistent expectations and their selfrealization, resolutely guard against the risk of exchange rate overshooting, and maintain the basic stability of the RMB exchange rate at a reasonable and balanced level.
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