Logo 26 Jul 2022

Getting interest rates to work: Will the latest overhaul of deposit rates drive more effective monetary policy?

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Exec sum:

The central bank (PBoC) has long acknowledged that a weak transmission mechanism has hampered the effectiveness of monetary policy in China. It’s been trying for years to put that right – and may finally have cracked it.
The PBoC wants to change how it manages the economy, shifting from r...



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