On September 13, the China Financial Times commented that at the current stage, simply observing the growth rate of financial aggregates can no longer fully and truly reflect the effectiveness of financial support for the real economy. As our country's economy is undergoing transformation and upgrading and moving towards a high-quality development stage, the growth of money and credit required by the real economy has changed from supply constraints to demand constraints. It is difficult to blind...
On August 1st, according to foreign media analysis reports, Federal Reserve policymakers said that after more than two years of extreme focus on controlling prices, inflation concerns are fading from the spotlight. The Fed's rate-setting committee changed a sentence in its post-meeting policy statement, which has long said that it is "highly concerned about inflation risks." The sentence now reads, "The committee is concerned about the risks posed by its dual mandate."
On July 15th, Pan Gongsheng, governor of the People's Bank of China, said at the Lujiazui Forum on June 19th that "in the future, we can consider explicitly using a short-term operating interest rate of the central bank as the main policy interest rate. At present, the 7-day reverse repurchase operation interest rate has basically assumed this function. The interest rate of other term monetary policy tools can dilute the color of the policy interest rate." This means that while strengthening the...