The People's Bank of China will control the number and scale of structural monetary policy tools at the desired level, and form solid cooperation with aggregate policy tools, said PBOC Vice Governor Chen Yulu, in response to market concern that excessive use of structural tools would weaken aggregate tools, according to a statement on the PBOC WeChat account. Structural tools can link the central bank's funds with the credit issuance of financial institutions to support specific fields and industries, which effectively optimises credit structures, said Chen. Structural tools also have the function of basic money supply, which will help keep liquidity reasonably sufficient and support the steady growth of credit, Chen added.
Real-time Actionable Insight
Get the latest on Central Bank Policy and FX & FI Markets to help inform both your strategic and tactical decision-making.Free Access
Sign up now for free access to this content.
Please enter your details below and select your areas of interest.
Why Subscribe to
MNI is the leading providerof news and intelligence specifically for the Global Foreign Exchange and Fixed Income Markets, providing timely, relevant, and critical insight for market professionals and those who want to make informed investment decisions. We offer not simply news, but news analysis, linking breaking news to the effects on capital markets. Our exclusive information and intelligence moves markets.
Our credibilityfor delivering mission-critical information has been built over three decades. The quality and experience of MNI's team of analysts and reporters across America, Asia and Europe truly sets us apart. Our Markets team includes former fixed-income specialists, currency traders, economists and strategists, who are able to combine expertise on macro economics, financial markets, and political risk to give a comprehensive and holistic insight on global markets.
We are facing technical issues, please contact our team.
Your request was sent sucessfully! Our team will contact you soon.