[v]. 2003.
Ⅰ. Overview...1
Ⅱ. Economic and Financial Movements...12
1.Overseas Economy...12
2.The Real Economy...23
3.Prices...35
4.Financial Markets...43
5.Foreign Exchange Markets...89
Ⅲ. Monetary Policy Operation...95
1.Inflation Target...95
2.Interest Rate Policy...98
3.Money Supply...110
4.Credit Policy... 113
5.Monetary Policy Instruments...117
Ⅳ. Monetary Policy for 2003...124
1.Enviroment...124
2.Monetary Policy Direction...129
Ⅰ. Overview...1
Ⅱ. Economic and Financial Movements...12
1.Overseas Economy...12
2.The Real Economy...23
3.Prices...35
4.Financial Markets...43
5.Foreign Exchange Markets...89
Ⅲ. Monetary Policy Operation...95
1.Inflation Target...95
2.Interest Rate Policy...98
3.Money Supply...110
4.Credit Policy... 113
5.Monetary Policy Instruments...117
Ⅳ. Monetary Policy for 2003...124
1.Enviroment...124
2.Monetary Policy Direction...129