PBoC expands ‘structural monetary policy tools’
New $15 billion relending programmes target transport and coal sectors
The Chinese central bank last week announced liquidity injections into specific sectors hit by Covid-19.
The People’s Bank of China said on May 6 it will launch a 100 billion yuan ($15 billion) relending facility to support the transport, logistics and storage sectors. It outlined the use of the “structural monetary policy tools” in a research paper.
On May 3, the PBoC said it had allocated an additional 100 billion yuan of loans to coal production and storage, Reuters reported.
The PBoC
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