China’s central bank now has ‘bigger say’ over lending rates, but analysts question level of impact

//China’s central bank now has ‘bigger say’ over lending rates, but analysts question level of impact

China’s central bank now has ‘bigger say’ over lending rates, but analysts question level of impact

China’s central bank has gained a “bigger say” in deciding the country’s lending rates after taking a subtle but significant step towards monetary policy independence, but analysts have questioned the level of impact the mechanism change will have.Under direction from the State Council executive meeting on Friday, the People's Bank of China announced on Saturday that it requires banks to benchmark their loan rates against the medium-term lending facility (MLF) instead of the official benchmark…

Article by [author-name] (c) South China Morning Post - Read full story here.

By | 2019-08-19T10:15:04+00:00 August 19th, 2019|Headlines|Comments Off on China’s central bank now has ‘bigger say’ over lending rates, but analysts question level of impact