The Central Bank: The Currency Is Inevitable; &Nbsp Will Not Allow Inflation To Aggravate.

　　 On the 9 day, Ma Delun, deputy governor of the people's Bank of China, said at the 2010 International Annual Conference of the International Finance Forum in Beijing. Central Bank We have been vigilant against inflation risks and will not let go. Inflation Aggravate. At the same time, he also said he did not agree with the argument that China's money supply was too large.

　　 Mr Ma said that the central bank is highly vigilant against the risk of inflation. Our monetary policy goal is only one, that is, to develop the economy on the premise of maintaining monetary stability. To some extent, the existence of excessive money is inevitable. With the development of economy, the demand for total volume of goods will increase. The massive inflow of foreign exchange caused the central bank to invest a large amount of money. But it should be noted that at present, the central bank is operating in the open market almost every hour, and controls excessive currency through hedging. We have money. Total supply There is a regulatory objective that will not allow inflation to emerge. He also pointed out that the public should not be misled by certain remarks. The current use of M2 (broad currency balance) minus GDP means that China's money supply is excessive and that China will see high inflation is not objective.

For the United States to launch the second round of quantitative easing monetary policy, triggering global worries about inflation and asset bubbles, Ma Delun said: "the United States should take account of itself and take account of other countries in formulating economic policies, so as to formulate monetary policies on the premise of maintaining economic stability."

　　 Zhou Xiaochuan, governor of the central bank, also expressed dissatisfaction with the Fed's actions last Friday. He stressed that this would bring about the side effects of global liquidity. For China's balance of payments imbalance, Zhou Xiaochuan advocated adjusting gradually to adjust the exchange rate, expand domestic demand, and review the export tax rebate.