The meeting pointed out that we should deepen the interest rate marketization reform, guide the loan interest rate to continue to decline, and maintain the basic stability of the RMB exchange rate at a reasonable and balanced level. We will fight hard to prevent and resolve major financial risks, keep the bottom line that systemic financial risks will not occur, and achieve a long-term balance between steady growth and risk prevention.
The meeting held that since the beginning of this year, great achievements have been made in coordinating epidemic prevention and control and economic and social development, and the economy has steadily rebounded. A prudent monetary policy reflects predictability, accuracy and timeliness, vigorously supports epidemic prevention and control, resumption of work and the development of the real economy, effectively prevents and controls financial risks, and gradually improves the quality and efficiency of financial services to the real economy. The conversion of pricing benchmark of floating interest rate loans in stock was successfully completed, the reform dividend of quoted interest rate in the loan market was continuously released, the monetary transmission efficiency was enhanced, the loan interest rate dropped significantly, the RMB exchange rate was generally stable, and the two-way floating flexibility was improved, which played the role of macroeconomic stabilizer.
The meeting pointed out that the current overseas epidemic situation and the world economic situation are still complicated and severe. We should strengthen the analysis of the international economic situation, strengthen the coordination of international macroeconomic policies, concentrate on running our own affairs, improve cross-cycle design and adjustment, and support high-quality economic development. A prudent monetary policy should be more flexible, moderate and accurate, and a variety of monetary policy tools should be comprehensively used and innovated to maintain a reasonable and sufficient liquidity. Give full play to the precise drip irrigation function of structural monetary policy tools, improve the "directness" of policies, continue to make good use of the rediscount quota of 1 trillion yuan of inclusive refinancing, and implement two direct real monetary policy tools to ensure the delivery of inclusive microfinance and effectively increase the proportion of inclusive microfinance.
Deepen the structural reform of the financial supply side, guide large banks to sink their service focus, promote small and medium-sized banks to focus on their main businesses, and improve the modern financial system with high adaptability, competitiveness and inclusiveness. Efforts will be made to open up all kinds of blocking points of money transmission, continue to release the potential of reform to promote the decline of loan interest rates, comprehensively promote the obvious reduction of comprehensive financing costs, guide financial institutions to increase their support for the real economy, make up shortcomings and forge long boards, ensure that the focus of new financing flows to manufacturing and small and medium-sized enterprises, strive to make financial support for private enterprises adapt to their contribution to economic and social development, promote the formation of a triangular framework in which the supply system, demand system and financial system support each other, and accelerate the formation of a large domestic cycle with private enterprises as the main body.