2017年人民银行货币政策简析及2018年展望

A Brief Analysis on China's Monetary Policy in 2017 and Outlook in 2018

2017年,人民银行围绕人民币币值稳定以及供给侧结构性改革等目标,结合国际国内形势,采取了稳健中性的货币政策,综合运用价格型和数量型货币政策工具,积极有效应对美联储的三次加息操作,维护了人民币汇率的基本稳定。针对国内经济运行情况,采取逆周期操作,削峰填谷,保持了市场资金流动性基本稳定,市场资金价格有所提升,经济保持了稳定增长的态势。2018年,人民银行货币政策将保持稳健中性,以有效支持实体经济的适度发展,促进经济的稳定增长。同时,继续加强宏观审慎管理,金融去杠杆趋势不变,积极防范系统性金融风险的发生。

In 2017,centered around the targets like stabilizing the value of Renminbi and supply-side structural reforms,and combined with international and domestic situations,the People＇s Bank of China adopted neutral and steady monetary policy,comprehensively used price and quantitative monetary policy tools,positively and effectively responded to the operation that the federal reserve raised interest rates three times,and maintained the basic stability of RMB foreign exchange rate.In view of the domestic economic operation,PBC adopted counter-cyclical operation,maintained the basic stability of the market liquidity,therefore,the market capital price increased,and economy maintained a steady growth trend.In 2018,PBC will maintain a stable and neutral monetary policy to effectively support the moderate development of the real economy and promote the steady economic growth.At the same time,PBC will continue to strengthen macro-prudential management,keep the financial deleveraging trend unchanged,and actively prevent the occurrence of systemic financial risks.