潘功胜:将优化货币政策目标体系 把金融总量更多作为观测性、参考性、预期性指标
Sou Hu Cai Jing·2026-01-22 09:44

Core Viewpoint - The People's Bank of China, led by Governor Pan Gongsheng, aims to advance six key areas of work, focusing on optimizing the monetary policy target system and enhancing the role of interest rate adjustments [1] Group 1: Monetary Policy Optimization - The central bank will place less emphasis on quantitative targets and more on intermediate variables, treating total financial volume as observational, reference, and expectation indicators [1] - This shift is intended to create conditions for a greater role of interest rate adjustments in monetary policy [1] Group 2: Market Mechanisms - There will be efforts to improve the market-oriented formation, regulation, and transmission mechanisms of interest rates [1] - The goal is to ensure a smoother transmission from the central bank's policy rates to market benchmark rates and subsequently to various financial market rates [1]

潘功胜:将优化货币政策目标体系 把金融总量更多作为观测性、参考性、预期性指标 - Reportify