Economic Daily: "take the initiative" to release the effectiveness of market-oriented reform

Economic Daily (Economic Daily)-- according to an article in the Economic Daily, it should be noted that the LPR quotation is "on hold", indicating that the current interest rate level as a whole is in line with the process of economic recovery. It should also be noted that the "no action" quoted by LPR does not mean that the comprehensive financing costs of the real economy are no longer reduced. In fact, monetary policy is precisely increasing its support for the real economy in a variety of ways. China is a super-large economy, which must be adjusted mainly according to the domestic macro-economy and price situation, and grasp the monetary policy independently. In the next step, China will continue to implement a prudent monetary policy, give priority to us and take the lead in stability, maintain a reasonable growth of money and credit, ensure that interest rates are appropriate and do not fluctuate greatly, and create a better monetary environment for financial institutions to control risks. At the same time, we should give full play to the guiding role of structural monetary policy tools and support economic and social development to make a good start and take a good step at a new starting point.