Group 1 - The core viewpoint of the article emphasizes the need for monetary policy to promote reasonable price recovery in the context of low CPI and PPI levels, with recent data showing a slight increase in CPI and a narrowing decline in PPI [2][3] - The National Bureau of Statistics indicates that despite positive changes in consumer prices, market demand remains insufficient, necessitating further expansion of domestic demand and improvement of supply-demand relationships [2] - The People's Bank of China has shifted its monetary policy focus from merely maintaining economic stability to actively guiding economic growth and price levels, reflecting a proactive approach to managing inflation [2][3] Group 2 - The article discusses the importance of stabilizing prices as a key monetary policy goal, highlighting the need for a balance between inflation targets and economic development levels [3][4] - Experts suggest that the current low price levels indicate insufficient effective demand, and there is a call for coordinated monetary and fiscal policies to address this issue [4][5] - The article notes that the CPI target has been set at 2% for the first time since 2004, aligning with the inflation targets of major economies, which is seen as appropriate given the current economic context [4][5] Group 3 - Maintaining a moderate growth in price levels is crucial for stabilizing consumer expectations and preventing a downward spiral in demand due to deflationary pressures [5] - Setting overly ambitious short-term policy goals, such as a 3% CPI growth, may not effectively guide expectations and could signal a lack of concern for price stability [5] - The article emphasizes the role of active fiscal policy in directly addressing total demand shortages, while monetary policy should complement these efforts to enhance overall policy effectiveness [5]
专家:2%通胀目标更多是引导价格向上
和讯·2025-11-14 03:38