19 August 2019

PBoC chief calls for faster rate liberalization, paper says

People’s Bank of China governor Zhou Xiaochuan {周小川} said Thursday in Shenyang that all local branches of the central bank should work together to speed up the marketization of interest rates, the Securities Times reported Friday. Zhou also said that better communication between the central bank and its local branches will improve the PBoC’s grasp of local economic conditions, helping it enhance the way it formulates policy, the report said.

– Contact HKEJ at [email protected]


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