China shifts to short-term tools in monetary policy overhaul: Nomura
China is reshaping its monetary policy, shifting from the medium-term lending facility to short-term tools like the 7-day reverse repo rate. The PBoC is creating a narrower interest rate corridor and using DR001 as a key benchmark. However, policy transmission remains weak, and open market operations are still developing amid lingering challenges.
China is reshaping its monetary policy, shifting from the medium-term lending facility to short-term tools like the 7-day reverse repo rate.
The PBoC is creating a narrower interest rate corridor and using DR001 as a key benchmark.
However, policy transmission remains weak, and open market operations are still developing amid lingering challenges.
