Central Economic Work Conference: We should implement a moderately loose monetary policy and cut the reserve requirement ratio and interest rates at the right time

According to CCTV News, the Central Economic Work Conference was held in Beijing from December 11 to 12. The conference pointed out that it is necessary to implement a moderately loose monetary policy, reduce the reserve requirement ratio and interest rates in a timely manner, maintain ample liquidity, and make the growth of social financing scale and money supply match the expected targets of economic growth and overall price level. Explore and expand the macro-prudential and financial stability functions of the central bank. It is necessary to make a good policy combination, strengthen the coordination and cooperation of fiscal, monetary, employment, industrial, regional, trade, environmental protection, regulatory and other policies and reform and opening-up measures, improve the effective communication, consultation and feedback mechanism between departments, integrate economic policies and non-economic policies into the consistency assessment of macro-policy orientation, and improve the overall effectiveness of policies. (Jinshi)