How China's Monetary Policy Adapt to the Future Trend
ANBOUND
During the latest G20 4th meeting of financial ministers and central bank governors, China's central bank governor Zhou Xiaochuan has responded to various hot issues, which has drawn wide attention. For ANBOUND research team, Zhou’s statement focused on four concerns: the monetary policy will match the housing market adjustment; the approach that maintaining the financial stability through easing money will be moderately adjusted; the central bank is likely to strengthen the control over cross boarder capital flow; in terms of exchange rate, the market-oriented reform will be continuously promoted. Generally speaking, the future monetary policy will go tighter on the foundation of moderate easing, but concerning the stable growth, the central bank will still maintain a moderate easy. Overall, the monetary policy will do the best to achieve a balance, meanwhile giving consideration to various targets.