The remarks by the People's Bank of China align with policymakers' commitment made last year towards creating a more market-driven interest rate curve. Analysts anticipate it will make further changes this year to ensure credit demand is more responsive to monetary policy moves.
The PBOC said that it would prioritise "the role of interest rate adjustments" and move away from "quantitative objectives" for loan growth, the FT reported, as it embarks on a programme of interest rate reform that government advisors have called "an arduous task".
"The PBOC will pay more attention to the role of interest rate control, and improve the formation and transmission of market-orientated interest rates," the bank said.
Denne historien er fra January 04, 2025-utgaven av Financial Express Lucknow.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
Allerede abonnent ? Logg på
Denne historien er fra January 04, 2025-utgaven av Financial Express Lucknow.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
Allerede abonnent? Logg på
Top IITs See a Drop in Campus Placements
● More students likely getting jobs independently
US set to lift curbs on Indian nuclear entities
Eyeing Deeper Energy Ties
Consent manager framework: A key Big Tech concern
CONSENT MANAGERS MUST meet stringent registration criteria, including being based in India with a minimum net worth of ₹2 crore and implementing robust security measures to prevent data breaches.
D-Street catches flu
HEADWINDS FOR MARKETS at the start of the year include higher US 10-year yields and a stronger dollar, the potential imposition of additional US tariffs on Asia-Pacific economies, and elevated economic policy uncertainty and geopolitical risk, Goldman Sachs strategists said in a note while trimming the MSCI Asia Pacific ex-Japan index's target to 620 from 630, as per a Bloomberg report.
Banks, NBFCs see hit to...
THESE SUBSIDIARIES THEN use the data to approach the customer and offer products and services such as insurance, mutual funds, demat accounts and other related financial solutions.
Q-comm boost to gig worker hiring in 2025
THE HIRING BOOM will be driven by the expansion of dark stores, fuelled by new entrants and increased investments from established players.
Eight jawans among 9 killed in Naxal attack
IN THEIR BIGGEST strike on security forces in Chhattisgarh in two years, Naxals blew up a vehicle using an improvised explosive device weighing 60 to 70 kg, killing eight security personnel and their civilian driver in Bijapur district on Monday, police said.
Cautious outlook for auto companies in Q3
● No segment shows growth except tractors
SBI Cards: Credit costs to improve
● Management strengthens risk assessment measures
Banks: Slower loan growth a worry
Asset quality concerns ease
