人民银行行长潘功胜：中国特色现代货币政策框架已初步形成并不断完善

Core Viewpoint - The People's Bank of China (PBOC) is focused on establishing a modern central banking system to support high-quality economic development and financial stability during the "14th Five-Year Plan" period [1] Group 1: Monetary Policy Framework - The PBOC aims to enhance the dual-pillar regulatory framework of monetary policy and macro-prudential policy to achieve currency stability and financial stability [1] - There is an emphasis on optimizing the intermediate variables of monetary policy and clarifying the central bank's policy interest rates [1] - The PBOC is committed to enriching the toolbox of monetary policy, creating a conducive liquidity environment, and implementing various structural monetary policy tools to optimize credit allocation [1] Group 2: Policy Implementation and Communication - The PBOC is exploring ways to enhance the stability of financial markets through innovative monetary policy tools and expanding the scope of monetary policy effectiveness [1] - There is a focus on strengthening the transmission and supervision of interest rate policies, emphasizing the market's decisive role in exchange rate formation [1] - The PBOC is working on improving policy communication mechanisms and increasing the transparency of monetary policy [1] Group 3: Achievements and Outcomes - The modern monetary policy framework with Chinese characteristics has been initially formed and is continuously improving [1] - This framework has effectively promoted reasonable growth in the total amount of finance, steady decline in financing costs, and optimization of credit structure, while maintaining currency stability [1]