央行定调！重要发布

Group 1 - The core viewpoint of the reports emphasizes the effectiveness of counter-cyclical monetary policy adjustments, with notable growth in financial totals and a stable RMB exchange rate [1][2] - As of June, the social financing scale and broad money supply (M2) increased by 8.9% and 8.3% year-on-year, respectively, with the RMB loan balance reaching 268.6 trillion yuan [1] - New corporate loans and personal housing loan rates decreased by approximately 45 basis points and 60 basis points year-on-year in the first half of the year, indicating an optimization in credit structure [1] Group 2 - The next steps involve implementing a moderately loose monetary policy, ensuring liquidity remains ample, and aligning social financing scale and money supply growth with economic growth and price level expectations [2] - The report highlights the importance of maintaining reasonable price levels and improving the interest rate adjustment framework to lower overall financing costs [2] - The central bank aims to enhance the dual functions of monetary policy tools, supporting sectors like technological innovation, consumption, small and micro enterprises, and stabilizing foreign trade [2] Group 3 - The exploration of expanding the central bank's macro-prudential and financial stability functions is crucial for maintaining market stability and preventing systemic financial risks [3]