PBOC: China's interest rate reform cannot replace monetary policy and other policies

Dhwani Mehta FXStreet

Reuters reports the latest comments from the People’s Bank of China (PBOC) after the Chinese central bank set the new (reformed) 1-year loan prime rate (LPR) at 4.25% – slightly lower than 4.31% seen under previous calculation.

Key Headlines:

China's interest rate reform cannot replace monetary policy and other policies.

Will work with other govt departments to take measures to lower corporate funding costs, especially for small and private firms.

Also Read:

China introduces market driven lending rate to boost cheap funding for businesses

Author

Dhwani Mehta

FXStreet

Residing in Mumbai (India), Dhwani is a Senior Analyst and Manager of the Asian session at FXStreet. She has over 10 years of experience in analyzing and covering the global financial markets, with specialization in Forex and commodities markets.

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