The People's Bank of China (PBOC) has proposed improvements to the market-based interest rate transmission mechanism, focusing on regulatory policy tools to enhance monetary control. The central bank aims to refine policy rate guidance, closely monitor long-term yield trends, and ensure efficient fund utilization.
Additionally, the PBOC emphasized the importance of stabilizing the foreign exchange market to prevent volatility in the RMB exchange rate. As part of its regulatory policy framework, the bank is also reinforcing measures to counter the financing of terrorism, aligning with broader financial stability objectives.
PBOC Proposes Enhancements to Interest Rate Transmission Mechanism
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