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Monetary Policy in 2002-2003: achievements, issues and suggestions
2014-08-29
By Wang Zhao
Date: 2003/04/29
Abstract：
In 2002, the People's Bank of China continued to implement the moderate monetary policy and improve financial supervision and service. In spite of the remarkable successes achieved, some issues still remained. In 2003, with the consistent implementation of monetary policy, money supply could be appropriately increased and the stability of loan interest rate of RMB should be kept. Financial structure should be reformed and the ways to get loans for small and medium-sized enterprises and rural areas should be smoothed and the rational fund flow should be guided. Monetary market should be improved to speed up the process of interest rate marketization. Capital market should be effectively developed to broaden the channel of investment.
