Four departments: creating a good monetary and financial environment

On May 23rd, the General Office of the National Development and Reform Commission and others issued a notice on the key work of cost reduction in 2024. It is mentioned that a good monetary and financial environment should be created. A prudent monetary policy should be flexible, appropriate, accurate and effective, and a variety of monetary policy tools should be used comprehensively to maintain reasonable and abundant liquidity. The scale of social financing and money supply match the expected targets of economic growth and price levels. Unblock the monetary policy transmission mechanism to avoid capital precipitation and idling. Maintain the basic stability of the RMB exchange rate at a reasonable and balanced level.