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What are the main monetary policy tools of the central bank?
Hello, monetary policy tools are the means adopted by the central bank to achieve monetary policy goals. Monetary policy tools are divided into general tools and selective tools. For a long time in the past, China's monetary policy was dominated by direct regulation, that is, credit scale, cash plan and other tools. After 1998, indirect monetary policy tools were mainly adopted to adjust the total money supply. At present, China's monetary policy tools mainly include open market operation, deposit reserve, refinancing and rediscounting, interest rate policy, exchange rate policy and window guidance. 20 13 1 1.6 On the website of the central bank, the column of "Standing Loan Facility (SLF)" was added, and the development of this year's Standing Loan Facility was officially released, which marked the official use of this new monetary policy tool.