国泰海通宏观研究梁中华团队认为,央行三季度货币政策报告强调"逆周期与跨周期调节"结合,政策框架从总量扩张转向效率优化与结构调整。全年经济目标压力可控,短期货币加码紧迫性降低,重点落实前期政策。但考虑低通胀和实际利率偏高,降准降息仍有空间,尤其居民贷款利率调整余地较大。未来政策更注重内生增长动能培育和中长期高质量发展。 概要总体来看,货币政策基调延续了二季度报告及中央政治局会议的精神,继续强调“实施...
Source Link国泰海通宏观研究梁中华团队认为,央行三季度货币政策报告强调"逆周期与跨周期调节"结合,政策框架从总量扩张转向效率优化与结构调整。全年经济目标压力可控,短期货币加码紧迫性降低,重点落实前期政策。但考虑低通胀和实际利率偏高,降准降息仍有空间,尤其居民贷款利率调整余地较大。未来政策更注重内生增长动能培育和中长期高质量发展。 概要总体来看,货币政策基调延续了二季度报告及中央政治局会议的精神,继续强调“实施...
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