中国央行发布2025年第三季度中国货币政策执行报告

Core Viewpoint - The article outlines a series of monetary and financial policies aimed at supporting the real economy, optimizing credit structure, and maintaining financial stability. Group 1: Monetary Policy Measures - Maintain reasonable growth of money credit by utilizing tools such as open market operations, medium-term lending facilities, and re-lending to ensure ample liquidity [1] - Promote a decrease in overall financing costs by improving the market-oriented interest rate adjustment framework and effectively implementing interest rate policies [1] Group 2: Credit Structure Optimization - Guide the adjustment and optimization of credit structure by utilizing 500 billion yuan for consumer services and elderly care re-lending, as well as new quotas for technological innovation and transformation re-lending [1] - Support key domestic demand areas such as consumption and technological innovation through risk-sharing tools for technology innovation bonds [1] Group 3: Exchange Rate and Risk Management - Maintain basic stability of the exchange rate by ensuring the market plays a decisive role in its formation and utilizing it to adjust macroeconomic and international balance of payments [1] - Strengthen risk prevention and resolution by systematically addressing financial risks in key areas and enhancing the monitoring, assessment, and early warning systems for financial risks [1]