January 12, 2022  |  Macro

[Report] China’s new monetary policy regime: innovative responses to emerging challenges

China’s monetary policy has entered a new phase. Over the last few months, the People’s Bank of China (PBoC) has deployed an unconventional combination of monetary tools: increased relending, reserve requirement cuts, and reductions in the outstanding amount of medium-term lending facility (MLF) loans, while presiding over a lowering of the loan prime rate (LPR).

This is premium content. Subscribe for access, or login below.

Previous report: