The People's Bank of China (PBOC) is planning to improve credit flow into the country's production sector by introducing an adjustment to financial institutions’ “actual” lending rate for companies, according to Sun Guofeng, head of the PBOC Monetary Policy Department.
Key quotes (source: China Daily)
We hope (policy fine-tuning) will not surprise the market when it is introduced.
Communication with other countries is needed before introducing new policies or "creative monetary policy tools."
The PBOC has good communication mechanisms with other central banks including the US Federal Reserve and the European Central Bank.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility.