Reported 8 months ago
On June 19, 2024, China's central bank governor Pan Gongsheng expressed that there is room for improvement in China's interest rate control mechanism, considering utilizing short-term operation rates from 7-day reverse repos as the main policy interest rate to narrow the rate fluctuations, enhancing market pricing efficiency and maintaining flexibility. Pan also highlighted the need to continue reforming and improving the Loan Prime Rate (LPR) to reflect the actual loan market rates accurately.
Source: YAHOO