Lu Lei, Deputy Governor of the People's Bank of China (PBOC): Will improve the reserve requirement system, conduct open market operations more flexibly and precisely, and gradually de-emphasize quantitative intermediate targets.
Lu Lei, Deputy Governor of the People's Bank of China (PBOC), stated at the "Starting the 15th Five-Year Plan" series of press conferences on September 10 that during the 15th Five-Year Plan period, the PBOC will continue to improve the mechanism for base money supply, refine the reserve requirement system, and conduct open market operations with greater flexibility and precision. At the same time, it will firmly maintain the stability of the currency's value, thereby promoting economic growth, gradually de-emphasize quantitative intermediate targets, and focus more on the role of interest rate regulation.
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Source:华尔街见闻 · Source Link
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