人民银行：9月末人民币对美元汇率中间价较上年末升值1.2%

Core Viewpoint - The People's Bank of China has implemented a moderately accommodative monetary policy in 2023, creating a favorable monetary environment for economic recovery and financial market stability [1] Monetary Policy Implementation - The monetary policy's counter-cyclical adjustment effects are gradually becoming evident [1] - Financial aggregates are growing reasonably, with the social financing scale stock and broad money supply (M2) increasing by 8.7% and 8.4% year-on-year as of the end of September [1] - The balance of RMB loans reached 270.4 trillion yuan [1] Interest Rates and Credit Structure - Social financing costs remain low, with new corporate loans and personal housing loan rates in September decreasing by approximately 40 basis points and 25 basis points year-on-year, respectively [1] - The credit structure is continuously optimizing [1] Currency Stability - The RMB exchange rate remains stable at a reasonable equilibrium level, with the mid-point exchange rate against the US dollar appreciating by 1.2% compared to the end of the previous year as of the end of September [1]