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China's current monetary policy stance and evolution of monetary policy framework in the future

· Pan Gongsheng, Governor of the People's Bank of China (China)

Summary written by Dark Majestic in its own words · topics: monetary policy and interest rates

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· Pan Gongsheng Wiki · People's Bank of China WikiChina's current monetary policy stance and evolution of monetary policy framework in the future

ContextKeynote speech by Pan Gongsheng, Governor of the People's Bank of China, at the 15th Lujiazui Forum, Shanghai, 19 June 2024.

Why it mattersChina's governor outlines how the monetary policy framework will evolve.

Problems raised
  1. China's monetary framework must evolve.
  2. Structural tools need rules.
  3. Communication is weak.
Solutions proposed
  1. Improve structural policy instruments.
  2. Enhance transparency.
  3. Institutionalise policy communication.
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