货币政策半年内无收紧必要

Tightened Monetary Policy not Necessary in H1 of Next Year

当前远未达到收紧货币政策的条件,我国稳健的货币政策灵活适度,至少在明年上半年之前,都不应该收紧货币政策。我国当前经济面临的主要任务是恢复和稳定经济增长,同时防范风险,而收紧货币政策并不利于风险防范。目前主要国家采取极度宽松的货币政策,而我国保持正常的货币政策,需要关注短期投机性资金流入和人民币快速升值。一般只有在经济过热的情况下才需要考虑收紧货币政策,目前还远未达到这一程度。

As conditions for tightening monetary policy have not been met yet and China pursues a prudent monetary policy that is more flexible and appropriate,to tighten the monetary policy is not necessary in the first half of next year.Currently,the main task of Chinese economy is to recover and stabilize the economic growth while guarding against risks.However,to tighten the monetary policy will hinder the risk prevention effort.Internationally,major countries adopt extremely loose monetary policies while China maintains its past one.Therefore,attention should be given to inflow of short-term speculative funds and fast appreciation of Renminbi.Countries with an overheated economy may consider tightening their monetary policy generally,which is obviously not the case today in China.