(central Bank: maintain reasonable and abundant liquidity to keep the growth rate of money supply and social financing basically in line with nominal economic growth] the central bank released a report on the implementation of China's monetary policy in the first quarter of 2023. A prudent monetary policy should be accurate and effective, the total amount should be moderate, the rhythm should be stable, do a good job in cross-cyclical regulation, maintain reasonable and abundant liquidity, and keep the growth rate of money supply and the scale of social financing basically in line with the nominal economic growth rate. We will strive to support the expansion of domestic demand, provide strong and solid support to the real economy, take into account both short-term and long-term, economic growth and price stability, internal and external equilibrium, and enhance the sustainability of supporting the real economy. We should pay attention to the marginal changes in price trends, guide and stabilize social expectations, support the construction of systems and mechanisms for ensuring supply and stability of grain and energy, and keep the price level basically stable. We will continue to deepen the market-oriented reform of interest rates, improve the policy interest rate system of the central bank, continue to give full play to the effectiveness of the reform of quoted interest rates in the loan market, give full play to the important role of the market-oriented adjustment mechanism of deposit interest rates, and keep the interest rate level reasonable and moderate. The structured monetary policy tools "focus on key points, be reasonable and moderate, advance and retreat", maintain the stability of the re-loan rediscount tools, and make good use of the phased tools during the implementation period. to provide strong support for key areas and weak links such as inclusive finance, scientific and technological innovation, and green development.