China to make better use of structural monetary policy tools
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Loading... - Muchen Zhou
- 10 May 2022
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The People's Bank of China (PBC), the country's central bank, on Monday said full play should be given to the guiding roles of structural monetary policy tools.
Efforts should be enhanced to make good use of relending and rediscount policies to support agriculture and micro and small firms, and the amount of such relending should be increased in a timely manner, according to a report released by the PBC.
The central bank will better leverage inclusive loans for micro and small enterprises and boost the support for agriculture-related businesses and sectors hit hard by COVID-19, the report said.
Special relending will be issued to support the clean and efficient use of coal, and support will be improved for large wind power and photovoltaic bases and the renovation and upgrading of surrounding coal power plants, it said.
The implementation of special relending for sci-tech innovation and inclusive elderly care will also be boosted, according to the report. Read More...
