Economic Daily Jin Guanping: Monetary policy strongly supports economic recovery

On September 17, the article said that since the beginning of this year, the prudent monetary policy has been flexible, appropriate, accurate and effective. In February, May and July, relatively significant monetary policy adjustments have been implemented three times. Comprehensive measures have been taken in terms of the total amount, structure and transmission of monetary policy, which strongly supports the economic recovery. As a super-large economy, our country must independently grasp monetary policy, adjust it mainly according to the domestic macroeconomic and price situation, and give priority to supporting domestic economic development. At the same time, we must insist that the exchange rate is determined by the market, creating conditions for me to be the main one. In recent years, the market-oriented formation mechanism of the RMB exchange rate has been continuously improved, the elasticity of the exchange rate has been continuously enhanced, and the function of the automatic stabilizer for adjusting the balance of payments by the exchange rate has been significantly improved This will help to release external pressure in a timely manner and expand the space for domestic monetary policy to be controlled primarily by ourselves.