The report pointed out that in order to resolutely implement the decision-making arrangements of the CPC Central Committee and the State Council, a prudent monetary policy should be more flexible and moderate. According to the phased characteristics of epidemic prevention and control and resumption of production, we should flexibly grasp the intensity, rhythm and focus of regulation and control, adhere to the three uncertainties of moderate aggregate policy, significantly reduce financing costs and support the real economy, support economic growth to return to potential growth rate, and create a suitable monetary and financial environment for the work of "six stabilities" and "six guarantees".
First, maintain a reasonable and sufficient liquidity. Flexible use of RRR reduction, medium-term lending facilities, open market operations, refinancing, rediscounting and other tools to guide the market interest rate to run smoothly around the policy interest rate, and stabilize market expectations. The second is to continue to release the reform dividend and reduce the comprehensive financing cost of society. Guide medium-term lending facilities and open market operations to lower the bid-winning interest rate by 30 basis points, and drive the loan market quotation rate (LPR) down. Steadily promote the conversion of the pricing benchmark of existing floating rate loans and promote the reduction of interest expenses of existing loans. The third is to improve the structural monetary policy tool system and accurately drip irrigation. 300 billion yuan of special refinancing and 500 billion yuan of refinancing have been basically implemented in rediscount policy, and 1 trillion yuan of refinancing has been connected with rediscount policy in an orderly manner. Innovate two policy tools that go directly to the real economy, increase support for small and micro enterprises, and support economic recovery and development. The fourth is to give priority to me and give consideration to external balance. The RMB exchange rate is generally stable, and the flexibility of two-way floating is enhanced. Fifth, firmly hold the bottom line that systemic financial risks will not occur, implement the principles of marketization and rule of law, steadily promote the disposal of financial risks, and increase the write-off of non-performing loans.
According to new real estate media reports, the central bank said: First, a prudent monetary policy is more flexible, moderate and accurate; Second, actively play the leading role of monetary policy tools such as refinancing, rediscounting and direct entry into the real economy, and do a good job in stabilizing enterprises and ensuring employment; Third, give play to the role of monetary and credit policies in promoting economic restructuring and better serve the real economy; Fourth, deepen the market-oriented reform of interest rate and exchange rate, and improve the efficiency of financial resource allocation; Fifth, improve the financial market system and give full play to the role of financial markets in stabilizing growth, adjusting structure, promoting reform and preventing risks; Sixth, deepen the structural reform of the financial supply side and improve the modern financial system with high adaptability, competitiveness and inclusiveness; Seventh, continue to fight hard to prevent and resolve major financial risks, ensure that the risks are generally controllable and continue to converge, and resolutely hold the bottom line of no systemic risks.
Among them, the central bank mentioned that it firmly adheres to the positioning that houses are used for living, not for speculation, insists on not using real estate as a short-term means to stimulate the economy, insists on stabilizing land prices, housing prices and expectations, maintains the continuity, consistency and stability of real estate financial policies, and implements a prudent management system for real estate finance.