Central Bank: Current Monetary Policy Tool Adequate Interest Rate Level is Moderate

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 Central Bank: Current Monetary Policy Tool Adequate Interest Rate Level is Moderate


The materials provided by the press conference show that at present, Chinas monetary policy tools are adequate, interest rates are moderate, and policies are empty. Since the outbreak of the international financial crisis in 2008, Chinas monetary policy has remained in the normal range compared with the zero or even negative interest rate policies implemented by some developed countriescentral banks. Meanwhile, Chinas interest rate level is relatively low in developing countries. In recent years, the cost of social financing, especially private and small and micro enterprises, has steadily decreased.

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