China Central Bank to Cut Some Sector-Specific Rates to Boost Economy
China's central bank announced on Thursday cuts to some sector-specific interest rates to provide an early boost to the economy, and signalled it has room this year for further reductions in banks' cash reserve requirements and for broader rate cuts.
The People's Bank of China said it would lower interest rates on its structural monetary policy tools by 25 basis points on January 19.
Structural monetary policy tools are central bank instruments designed to target specific sectors or areas of the economy, such as sci-tech, green...
To Read Full Story Login Below.
Submit comment or question
Note: All comments are displayed with user's screen name. If screen name is not present, user's full name will be used. Please go to My Account to update your screen name.
Comment Policy: Urner Barry has made the comment feature available to encourage further discussion of our news stories. Defamatory or offensive comments, or comments deemed not relevant to the story will be removed, and if necessary, Urner Barry may restrict the right of individual subscribers to offer comments. In all cases, comments represent opinions of the poster only, and do not represent fact, news, opinions or estimates put forward by Urner Barry.
Email Address is required. Password is required.