Monetary policy made in China

As the Chinese economy is slowing down, the People’s Bank of China (PBoC) is providing further stimulus.

Over the years, the PBoC has acquired substantial authority on its own. But the bank is still far from being a central bank like its western counterparts. It lacks transparency, its monetary policy decisions are influenced by the central government and its policy architecture remains pre-modern.

Download study as PDF (Reading time 18 min)