News says monetary policy stresses stabilizing prices next year

Commercial News (reporter Mengfanxia) curbing inflation has been seen by domestic monetary policymakers as a more pressing task.　　The 2010 fourth-quarter meeting of the central Bank's monetary policy committee released a clear policy signal that "stabilizing the overall price level" would occupy a more important position in monetary policy.　　The meeting stressed that the 2011 should seriously implement a prudent monetary policy, to enhance the financial regulation of the pertinence, flexibility, effectiveness, the overall level of stable prices in a more prominent position. Before that, the central bank's usual description of price issues was basically "strengthening the management of inflationary expectations". Linked to the central bank since December 26 to raise the benchmark interest rate deposit and loan 25 points, the industry speculated that for policymakers, the management of inflation issues can not be limited to "management expectations." The Central economic Work Conference determines that monetary policy is formally turned to sound, allowing the central bank to obtain a greater discretion in monetary policy decision-making. Domestic inflation is now high and the market is worried that the CPI will continue to rise next year.　　After weighing the impact of interest rates on all fronts, the central bank decided to raise interest rates again at the end of the year by putting inflation in a prominent position. Zuo, chief economist at Galaxy Securities, argues that severe inflation itself is one of the most important factors in economic instability.　　The recent increase in domestic and foreign inflationary pressure is obvious, this year October 20 the first rate hike has released a clear signal that the economic growth situation has stabilized, inflation has become the main goal of monetary policy. Next year's monetary policy, from moderately loose to "prudent", aims to keep inflation at an affordable level while keeping steady growth.　　The rate hike is part of a robust monetary policy that controls inflation, which will continue next year until it has a real impact on inflation containment. The four-quarter regular meeting was also proposed, 2011 in accordance with the overall stability, adjustment, structural optimization requirements, the comprehensive use of a variety of monetary policy tools, the total flow of good liquidity to guide the return of money and credit to the normal, to achieve reasonable and moderate growth; to the real economy, especially "three agriculture" and small and medium-sized enterprises, To promote the strategic adjustment of economic structure, to improve the multi-level capital market system, to raise the proportion of direct financing, to maintain the reasonable scale of the total amount of social financing, to further improve the formation mechanism of RMB exchange rate and maintain the basic stability of the RMB exchange rate at a reasonable and balanced level.