Monetary policy tools do not include

Monetary policy tools do not include consumer credit control.

Monetary policy tools are the means adopted by the central bank to achieve monetary policy objectives. 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. Monetary policy tools are divided into general tools and selective tools. General monetary policy tools include open market operation, deposit reserve and rediscount; Selective monetary policy tools include loan scale control, special deposits, window guidance to financial enterprises, etc.

General monetary policy tools are mostly indirect control tools, and selective monetary policy tools are mostly direct control 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, the loan scale control was cancelled, and the total money supply was mainly regulated by indirect monetary policy tools.

Brief introduction of tool money shortage:

The "money shortage" in the financial market reflects the management problems of China's banking industry. With the help of the country's long-term investment expansion policy, they have become the biggest beneficiaries of the deposit-loan spread by relying on credit expansion. However, when the country began to abandon the investment expansion policy and promote economic transformation, the single mode of banks relying on deposit-loan spreads for profit was challenged.

In particular, the country's long-term tight monetary policy has made the life of banks more and more difficult, and finally a rare "money shortage" crisis broke out because of the superposition effect of various factors.

What China's banks expect is that the central bank will change its monetary policy, reduce RRR or cut interest rates once, so as to loosen market liquidity and enable them to continue to rely on the original economic growth model to "live happily". But this time, the central bank did not fulfill the bank's wish, and some economic data were lower than expected, indicating that the economic trend was not very optimistic, but the central bank did not open the floodgates as quickly as before.