Central Economic Work Conference: It is necessary to implement a moderately loose monetary policy and cut RRR and interest rates in a timely manner

On December 12th, according to CCTV news broadcast, the Central Economic Work Conference was held in Beijing from December 11th to 12th. The meeting pointed out that it is necessary to implement a moderately loose monetary policy, cut the reserve requirement and interest rate in a timely manner, maintain abundant liquidity, and make the scale of social financing and money supply growth match the expected goals of economic growth and overall price level. Explore and expand the functions of the central bank's macroprudential and financial stability. It is necessary to play a good policy combination, strengthen the coordination and cooperation of fiscal, monetary, employment, industrial, regional, trade, environmental protection, supervision and other policies and reform and opening up measures, improve the effective communication, consultation and feedback mechanism between departments, and unify economic and non-economic policies into the evaluation of the consistency of macro policy orientations, so as to improve the overall effectiveness of policies.