Published on Thursday, March 2, 2017 | Updated on Friday, March 3, 2017
China | Monetary Policy: New Framework, New Stance
Summary
The People’s Bank of China is establishing a “corridor system” as its new monetary policy framework.The central bank will align the policy rate target with their desired levels via open market operation (OMO).In this year,the stance of monetary policy is likely to be prudent in real sense.
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- Macroeconomic Analysis
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Authors
JD
Jinyue Dong
BBVA Research - Senior Economist
LX
Le Xia
BBVA Research - Chief Economist