The central bank has in recent years expanded its arsenal of structural policy tools, including relending and rediscount facilities and other low-cost loans.
A senior central bank official said last week that the bank will use policy tools such as the reserve requirement ratio (RRR) for banks and its medium-term lending facility to weather the challenges facing the world’s second-largest economy.
Data this week reinforced views that China’s post-COVID recovery is faltering rapidly, raising pressure on policymakers to deliver more stimulus to shore up activity.
($1 = 7.2153 Chinese yuan renminbi)
Source: Economy - investing.com
