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The money market is already oversupplied, so why should the central bank implement an expansionary monetary policy and buy bonds at this time?
Your Excellency is mistaken.

At present, the overall macroeconomic situation in China is overheated, so the state implements a prudent fiscal policy and a tight monetary policy.

Monetary policy is implemented through the government's management of the national currency, credit and banking system. The three tools of monetary policy are open market business, deposit reserve and rediscount interest rate. The central bank implements monetary policy by adjusting these three tools. In 2007, the country raised interest rates continuously, which is what the deposit reserve ratio means.

Tight monetary policy is to reduce the level of total demand by reducing the growth rate of money supply. Under this policy, it is more difficult to obtain credit.

At present, China's consumer price index (CPI) remains high, and the state has only adopted a tight monetary policy, that is, controlling bank loans and so on, to control the macro-economic currency circulation.

Hehe, little girl, I don't want to say more. I'm sorry for the lack of professional knowledge.

Affected by the Sichuan earthquake, the People's Bank of China may consider it.