Zhou Xiaochuan: The Central Bank Is Facing A Dilemma In Raising Interest Rates.

Recently, governor of the people's Bank of China Zhou Xiao Sichuan In an interview with CCTV, Central Bank stay Increase interest The problem is facing a dilemma.

Zhou Xiaochuan said that most central banks have difficulties in using policy instruments. It is very difficult to make a few monetary policy tools to meet the needs of all the different interest groups. Taking exchange rates as an example, exporters may complain that importers may benefit from the rise in exchange rates, so there has always been a trade-off.

Zhou Xiaochuan stressed that the securities market should serve the real economy all the time. On the one hand, we should protect small and medium investors and constantly enhance their confidence; on the other hand, they should serve the enterprises such as listed companies, companies ready to go on the market, companies that issue corporate bonds and other entities.

Faced with the long-term savings rate in China, Zhou Xiaochuan said that the high savings rate was caused by a variety of factors. With the increase of GDP per capita and the increase of residents' wealth income, residents will slowly consider how to manage wealth, and will set aside a certain proportion of savings to consider preserving diversified values.