8 Oct 2021
PBOC Vice Governor: Will improve market-based interest rate formation and transmission mechanism
People's Bank of China (PBOC) Vice Governor while noting on the interest rate-setting reforms in a central bank’s publication, said that China will improve market-based interest rate formation and transmission mechanism.
Additional comments
“Will improve interest rate corridor mechanism.”
“Loan prime rate reforms.”
“Will gradually make deposit rates market-driven.”
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