央行自去年初以来回归稳健偏紧的货币政策。如今,政策的累计效应已逐渐显现,表现为通胀压力减缓、内需下降、经济增速放缓。因此,当前政策取向是维持现有的货币政策基调不变,预计三季度货币政策紧缩力度或将放缓,经济硬着陆的风险不大。 The central bank has returned to a prudently tight monetary policy since early last year. Nowadays, the cumulative effect of policies has gradually emerged, showing the slowdown in inflationary pressures, the drop in domestic demand and the slowdown in economic growth. Therefore, the current policy orientation is to maintain the tone of the existing monetary policy unchanged. It is expected that the tightening of monetary policy in the third quarter will slow down and the risk of a hard economic landing is modest.