Reforming China's Monetary Policy Framework to Meet Domestic Objectives
收藏Organisation for Economic Co-operation and Development2026-04-11 收录
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As a result of reforms and financial sector development, the People’s Bank of China (PBoC) now exerts significant control over money market interest rates. With money market conditions increasingly influencing effective commercial lending rates, the PBoC is also able to affect the cost of credit without recourse to its benchmark commercial bank...
