從央行收緊流動(dòng)性看未來(lái)貨幣政策及其影響

本刊編輯部

2017年春節(jié)剛過(guò)，人們還在回味過(guò)年的味道，央行忽然上調(diào)MLF（中期借貸便利）、SLF（常備借貸便利）和逆回購(gòu)利率，隨后逆回購(gòu)也沒(méi)有如期而至，這讓市場(chǎng)嗅到了流動(dòng)性收緊的氣息。

那么流動(dòng)性調(diào)整意味著什么？未來(lái)貨幣政策走向如何？貨幣政策的變化會(huì)對(duì)不同行業(yè)和企業(yè)帶來(lái)哪些影響？CFO（總會(huì)計(jì)師）如何響應(yīng)這些變化及其影響？本期文章為您精彩解讀，敬請(qǐng)期待！

The 2017 Spring Festival hasnt gone far away， and people are still recollecting the pleasant flavor of it. Suddenly， the Peoples Bank of China raises the rates of MLF， SLF and reverse repo. Afterwards， the reverse repo wont come at the appointed time， which makes the market smells the tightening of liquidity.

Then what does the liquidity adjustment mean？ Whats the future direction of monetary policy？ What kinds of effect will bring to the different industries and enterprise when the monetary policy changes？ How CFOs respond to those changes and influence？ All these problems will be discussed in detail in the following sections， please look forward to it！