Central Finance Office Han Wenxiu: It is necessary to cut RRR and interest rates in a timely manner, and make good use of tools such as open market operations

On December 31st, Han Wenxiu, deputy director of the Central Finance Office in charge of daily work, pointed out in an article in the People's Daily that the implementation of moderately loose monetary policy. Further give full play to the dual functions of the total amount and structure of monetary policy tools, so that the scale of social financing and the growth of money supply match the expected goals of economic growth and overall price level. It is necessary to cut the reserve ratio and interest rates in a timely manner, make good use of open market operations and other tools, maintain abundant liquidity, and continue to increase support for the real economy. Further dredge the monetary policy transmission mechanism, maintain the rapid growth of money and credit, promote the reduction of comprehensive social financing costs, and effectively solve the problems of difficult and expensive financing for enterprises. Maintain the basic stability of the RMB exchange rate at a reasonable and balanced level. Explore and expand the central bank's macro-prudential and financial stability functions, innovate financial instruments, and maintain financial marekt stability.