1. Monetary policy, that is, financial policy, refers to various principles, policies and measures adopted by the central bank to control and regulate the money supply and credit quantity in order to achieve its specific economic goals. The essence of monetary policy is that the country's money supply adopts different policy trends such as "tight", "loose" or "moderate" according to the economic development in different periods. Using various tools to adjust the money supply to adjust the market interest rate, the change of market interest rate will affect private capital investment and total demand to affect macroeconomic operation. The four tools of monetary policy to adjust aggregate demand are statutory reserve ratio, open market business and discount policy, and benchmark interest rate.

2, monetary policy tools are controlled by the central bank, used to adjust the base money, bank reserves, money supply, interest rates, exchange rates and credit activities of financial institutions, in order to achieve its policy objectives of various economic and administrative means. There are seven main measures:

(1) First, control currency issuance.

② Second, control and standardize loans to commercial banks.

(3) Third, open market business.

④ Fourth, change the deposit reserve ratio.

Fifth, adjust the rediscount rate.

⑥ Sixth, selective credit control.

⑦ Seventh, direct credit control.

Reply time: 202 1- 12-06. Please refer to the latest business changes announced by Ping An Bank in official website.