Lu Lei, deputy governor of the People's Bank of China, said at the 2024 Financial Street Forum annual meeting that it will improve the monetary policy framework with Chinese characteristics, including monetary policy goals, execution mechanisms, transmission mechanisms, etc., gradually downplay the focus on quantitative targets, improve market-based interest rate formation, regulation and transmission mechanisms, pay more attention to giving full play to the role of price-oriented regulation mechanisms such as interest rates, and enrich the monetary policy toolbox.

Zhitongcaijing · 10/18 06:25
Lu Lei, deputy governor of the People's Bank of China, said at the 2024 Financial Street Forum annual meeting that it will improve the monetary policy framework with Chinese characteristics, including monetary policy goals, execution mechanisms, transmission mechanisms, etc., gradually downplay the focus on quantitative targets, improve market-based interest rate formation, regulation and transmission mechanisms, pay more attention to giving full play to the role of price-oriented regulation mechanisms such as interest rates, and enrich the monetary policy toolbox.