万博兄弟资产管理公司董事长滕泰 Fair brother asset management company chairman TengTai

　　作者：赵洋

The author:ZhaoYang

　　和讯网消息 欧美两国均采取了积极的货币政策和财政政策，业内人士已经开始担心通胀卷土重来，这或许也是央行迟迟没有采取行动的重要原因，对此万博兄弟资产管理公司董事长滕泰在接受和讯网访谈时表示，社会舆论对超发货币的批评、对通胀的恐惧，造成央行在这一轮经济下行中对放松货币犹豫不决，这是造成当前经济形势不好的重要原因。

HeXunWang news Europe and America are two countries had taken active monetary policy and fiscal policy,The personage inside course of study have been worried about inflation stage a comeback,Perhaps this is the central bank can not take action of the important reasons,This fair brother asset management company chairman TengTai in HeXunWang accept interview said,Social public opinion to super hair monetary criticism/The fear of inflation,Cause the central bank in this round of economic descending to relax monetary indecision,This is caused by the current economic situation bad important reason.

　　滕泰表示，货币政策到目前为止迟迟不肯松的原因，首先是对物价的判断有失误。目前已经类似于通缩，而不应该再担心物价是否会上涨，这也是制约央行放松货币的主要原因。近年来很多人都在指责滥发货币和四万亿刺激计划为中国带来的负面影响，因此这种社会舆论为决策者带来极大的决策压力。

TengTai said,Monetary policy so far can not loose reason,The first is the price judgment has the fault.Now similar to deflation,And should not to worry about whether prices will go up,This is also restricted the central bank relaxed monetary main reason.In recent years, a lot of people are accusing overissue monetary and four trillion stimulus plan for China have a negative effect,So the social public opinion for policy makers bring great decision pressure.

　　滕泰表示，虽然曾经的通货膨胀和房价上涨与货币政策存在一定关系，但其影响的程度却被夸大了。如果简单地把通胀归结为央行的货币超发，那么这个舆论导向就是欠科学的，通胀的影响是来自多方面的。中国的货币虽然存在超发，但这些钱并没有完全流入实体经济。M2规模80万亿，其中有20万亿被准备金冻结， 10万亿流入房地产，还有10万亿在股票市场，剩下的实际上对CPI的冲击就没有那么大了。

TengTai said,Although once inflation and rising house prices and monetary policy exist a certain relationship,But its influence degree has been overstated.If simply inflation due to the central bank's monetary super hair,So the public opinion guide is owe scientific,The influence of inflation is from various.China's currency though there are super hair,But these money and not fully into the real economy.80 trillion M2 scale,There are 20 trillion is reserve freezing, 10 trillion into real estate,There are 10 trillion in the stock market,The rest of the actually to the impact of the CPI is not so big.

　　滕泰表示，社会舆论对超发货币的批评、对通胀的恐惧，造成央行在这一轮经济下行中对放松货币犹豫不决，这是造成当前经济形势不好的重要原因。

TengTai said,Social public opinion to super hair monetary criticism/The fear of inflation,Cause the central bank in this round of economic descending to relax monetary indecision,This is caused by the current economic situation bad important reason.