In the first half of 2009,in response to financial crisis and maintain growth,supplies of money and credit increase sharplyin China,then moderately easy monetary policy developped into too lax monetary policy.Too lax monetary policy has led to an embarrassing situation that short-term deflation and long-term inflation expectations are co-existent.In order to ensure achievement of objectives of monetary policy and make monetary policy play a positive role in promoting economic growth,moderately easy monetary...