中国：中国人民银行结构性货币政策工具入门-China_ A primer on the PBoC‘s structural monetary policy instruments

Asia Insights Global Markets Research Economics - Asia ex-Japan China: A primer on the PBoC's structural monetary policy instruments The PBoC has increasingly positioned structural monetary policy instruments (SMPIs) at the forefront of its policy toolkit, as evidenced by the targeted easing measures with rate cuts and quota expansions for its SMPIs announced recently. These instruments enable precise credit allocation to key sectors with cheap funding, while mitigating the risks of broader liquidity spillo ...