China | Looking for new monetary policy tools in the liberalized-interest-rate environment
Published on Thursday, February 25, 2016 | Updated on Sunday, May 13, 2018
China | Looking for new monetary policy tools in the liberalized-interest-rate environment
Summary
China wrapped up its decades-long process of interest rate liberalization last October after the PBoC announced the lift-off of deposit rate caps. However, it brings about new challenges to the monetary policy conduct. Corridor system is likely to be adopted in the post-period of interest rate liberalization. And more monetary easing will be deployed to spur growth.
Topics
- Topic Tags
- Regional Analysis China
- Macroeconomic Analysis
Authors
Jinyue Dong
BBVA Research - Senior Economist
Le Xia
BBVA Research - Chief Economist
Documents and files
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Report (PDF)
20160225_ChinaWatch_Monetary_policy_interest rate liberalization_edited
English - February 25, 2016