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PBOC: Use of Monetary Policy Tools, e.g. Re-lending, Re-discounting, RRR Should be Enhanced
Recommend 26 Positive 41 Negative 30 |
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Recently, the People's Bank of China (PBOC), the Ministry of Agriculture and Rural Affairs, and the National Financial Regulatory Administration (NAFR) jointly convened a meeting to promote the work of financial services for rural revitalization. The meeting called for strengthening the use of monetary policy tools, such as re-lending and re-discounting to support the agriculture, rural areas and farmers and support small and micro enterprises, as well as reserve requirement ratio (RRR). AAStocks Financial News |
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