当前我国货币政策工具选择的依据及运用

2010年我国调整了实施两年多的宽松货币政策,宣布2011年实行稳健的货币政策。使货币政策从宽松转向稳健的最直接原因是目前我国物价上涨加快,资产泡沫化加剧,通胀预期上升。但是,紧缩货币政策工具的力度除了考虑国内物价因素以外,还应考虑到国际因素。当前,外围主要经济体增长率下滑、失业率高企,因而当前甚至今后一段时间内,央行在使用紧缩货币政策工具收紧流动性、防止资产泡沫风险时,应把握好节奏和力度,以防经济硬着陆风险。

How to Select and Apply to Our Nation' s Currency Policy Tools

In 2010,adjusted the implementation of more than two years the looser monetary policy and announced that 2011 will be a prudent monetary policy.Make monetary policy loose from moderate to steady the most immediate cause is the price increases speed up at present in our country,assets by turning into a bubble-and,rising inflation expectations.But,tightening monetary policy tools in addition to consider how the strength of home prices factors beyond,still should consider international factors.At present,the main peripheral economies growth rate dropped,unemployment high,too much tightening monetary policy will lead to enterprise,especially small and medium enterprise survival crisis there.Therefore,the current even for a time,the central bank in the use of tightening monetary policy tightening,prevent liquidity tool asset bubble risk,it should grasp the tempo and intensity,prevent lead to a hard landing of the economy risk.