Global EconomyIMPORTANT
PBOC Governor China says the open market overnight reverse repo rate will correspondingly become the main policy rate; will pilot further facilitation of RMB purchases and sales by overseas financial institutions in the onshore foreign exchange market.
StockNow breaking-news AI analysis
The headline reports a planned main policy-rate change and an onshore RMB-market pilot; the body describes monetary-framework transformation as gradual and ongoing.
News detail
The transformation of the monetary policy framework is a gradual and ongoing process, and the PBoC will continue to evaluate and improve it.
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