erest rates and t上海贵族宝贝女神会所he short-term money market rate, said Huang, and the seven-da
y repo rate may finally be chosen as the policy rate. “The benchmark rates will eventually be removed.”
“When that happens depends on whether banks’ lending and deposit rates can efficiently and qu
ickly respond to the changes in the policy rates－that is something we need to work on,” he said.
In the first quarter, the central bank urged commercial banks to extend more loans and lower the lending rates for sma
ll and private businesses. A more difficult reform is pushing forward market-based interest rate reforms.
In light of the trade tensions, the RMB exchange rate will be more flexible, Huang
said. As for the money flowing in and out of China, Huang said he thinks the control should be loosened, “but th
ere are still some areas we are not feeling comfortable leaving the doors wide open”.