Prudent monetary polic上海千花网e, sle’s Bank of Chi

2019年7月13日

上海千花网

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China will maintain a prudent monetary policy in the year’s second half, with potential policy adjustments depending mainly on

the domestic economic situation and price levels, a senior central bank official said on Friday.上海千花网女神会所

Having noticed the recent monetary easing in some foreign central banks and the United States Fe

上海千花网女神会所deral Reserve’s strong message that it will make a cut later in the policy rate, the Chinese centra

l bank has decided not to change its monetary policy stance, while continually reducing the actual financing costs o

f enterprises, said Sun Guofeng, head of the monetary policy department of the People’s Bank of China, the central bank.上海千花网

“In the second half, we will maintain the liquidity at a reasonably ample level through leveraging

diversified tools and strengthening macroeconomic policy coordination,” said Sun, adding that mo

derate money supply growth can support the country’s high-quality economic growth.上海千花网

Sun made the remark after the central bank released major financial da

ta on Friday. The broad money supply, or M2, increased by 8.5 percent by the end of June

上海千花网女神会所from a year earlier. The growth rate had remained unchanged for three consecutive months starting in April.

Chinese banks issued yuan-denominated loans of 9.67 trillion yuan ($1.41 trillion) in the first six month

s, and 1.66 trillion yuan was newly extended in June, up from 1.18 trillion yuan in May, the PBOC said.上海千花网

Total social financing, a broad measure of credit and liquidity in the economy, increased by 13.23 trillion yuan in the firs

上海千花网女神会所t half, compared with an increase of 10.05 trillion yuan in the same period last year, officials said.

“Rapid growth of total social financing proved that the financial se

ctor is enhancing support for the real economy,” said Ruan Jianhong, head of the central ba上海千花网

nk’s Statistics and Analysis Department, at a Friday news conference.

上海千花网女神会所The RMB, compared with some other major currencies, has performe

d well in the first half, and its current exchange rate is basically in line with the economic fou

ndation, as the International Monetary Fund determined recently, according to Sun.上海千花网女神会所

“In the future, the market will play a decisive role in determining the RMB exchange rate, and we will take macro-pruden

t measures when it is necessary to maintain the exchange rate at a stable and reasonable equilibrium,” Sun added.

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