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2017年将是全球经济金融政策的一个大转折、大拐点、大变迁。首先,全球货币政策正在退出过度宽松,走向适度偏紧。美国在经历了2015年和2016年两次缓慢加息之后,进入了2017年快速加息通道。中国2016年底的中央经济工作会议确定了货币政策从适度宽松向中性稳健的转向。而欧元区和日本在经历了负利率政策实践的失败之后,开始减少对货币政策的单纯依赖。
2017 will be a major turning point in the global economic and financial policies, turning point and changing greatly. First of all, the global monetary policy is being over-relaxed and moderately tight. After experiencing two slow rate hikes in 2015 and 2016, the United States entered the fast rate hike in 2017. China’s Central Economic Work Conference at the end of 2016 has determined that monetary policy will shift from moderately loose to neutral. The euro zone and Japan, after experiencing the failure of negative interest rate policy, began to reduce their reliance on monetary policy.