【中信证券:财政政策扩张发力,货币配合的必要性提升】金十数据4月23日讯,中信证券研报称,我们测算二季度国债净融资规模约1.77万亿元,较往年同期高出约7000亿元;地方债总发行规模为2.8万亿元,净发行规模约2万亿元。货币政策长期维持支持性立场,随着财政政策扩张发力,货币配合的必要性提升,可以通过降准、扩大公开市场操作规模等方式增加流动性供给。但短期来看,政策余量充足而不急于全部落地,结合近期股市修复韧性强,经济数据超预期,汇率压力仍存等因素来看,操作时点上或有更多考量。
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