PANews reported on February 26 that the central bank released the "China Monetary Policy Implementation Report for the Fourth Quarter of 2022" on February 24. The central bank is still not optimistic about the global economic situation, but is more confident in the domestic economy, believing that "it is expected to recover overall in 2023", but also emphasizes that "the external environment remains severe and complex, and the foundation for domestic economic recovery is not yet solid", including the lag and cumulative effect of the overseas "interest rate hike wave", domestic epidemic disturbances, the transformation of residents' savings into consumption remains to be observed, and real estate and other issues. The central bank's concerns about inflation have cooled down. The central bank's concerns about inflation have changed from "high inflation challenges are still severe and inflation stickiness is still strong" to "the extent and speed of high inflation decline are uncertain", and the "attach great importance to the potential possibility of future inflation warming" has been deleted for the domestic situation, emphasizing that "in the short term, inflation pressure is generally controllable, and insufficient effective demand is still the main contradiction." The tone of monetary policy continued the statement of the Central Economic Work Conference, emphasizing that "prudent monetary policy must be precise and powerful" and highlighting "focusing on supporting the expansion of domestic demand and providing stronger support for the real economy". At the same time, other major expressions since the Q3 report were continued, including "doing a good job in cross-cycle regulation", "not flooding the market with money", "three considerations" (taking into account the short-term and long-term, economic growth and price stability, internal equilibrium and external equilibrium), "continue to give play to the role of policy-based development financial tools", "structural monetary policy tools focus on key points, are reasonable and moderate, and have advances and retreats", etc., and the new addition is "promoting a strong recovery in consumption and enhancing the potential for economic growth."