The macro-economy of monetary credit in 2007 shows that：economic operation is turning faster，the pressure of inflation is emerging，assets price is inflating. Therefore the status of monetary credit operation is：the amount of monetary supply is increasing rapidly，which strengthens the pressure of inflation；various savings deposit increase slowly and the gap between savings deposit of enterprises and savings deposit of residents is widening；base money is increasing fast；the excess reserve ratio is generally falling；the exchange rate of RMB to US dollars is continuously appreciating which resulting in the increase of foreign exchange reserves；and monetary market is fluctuating. Since 2007，the central bank of China has improved the foresight of adjustment and controlling of currency policy and adopted a series of integrated measures to increase the strength of financial adjustment. According to the condition of monetary operation，monetary policy should emphasize the domestic adjustment and stick to the orientation of making full range use of policy tools to promote the reform of domestic entity economy. It is necessary to accelerate the innovation of monetary credit statistical system.