央行：防范汇率超调风险，保持人民币汇率在合理均衡水平上的基本稳定

Core Viewpoint - The report emphasizes the implementation of a moderately loose monetary policy to support the ongoing economic recovery and create a conducive financial environment [1] Monetary Policy Implementation - The report highlights the need to effectively execute existing monetary policy measures and continuously release their effectiveness [1] - It calls for the research and preparation of new policy initiatives to further support economic growth [1] Liquidity and Financing - The report stresses the importance of maintaining ample liquidity and ensuring that the growth of social financing and money supply aligns with economic growth and price level expectations [1] - It advocates for optimizing the use of existing funds and improving the efficiency of capital utilization [1] Interest Rate and Cost Management - The report underscores the need to strengthen the execution and supervision of interest rate policies, aiming to reduce the overall financing costs for society [1] - It emphasizes the importance of guiding expectations and preventing excessive fluctuations in the exchange rate, while maintaining the stability of the RMB at a reasonable and balanced level [1]