China Press: PBOC should use OMOs as a monetary policy tool to control money supply
|Bloomberg reports an article published in China’s Financial News this Monday, which argues that the PBOC’s – Chinese central bank should replace the use of reserve requirement ratio with open market operations (OMOs).
Key Points:
Use them as a monetary policy tool to control money supply
Before cutting the reserve requirement ratio (RRR) China must address an "unbalanced economic structure and excessive liquidity"
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