PBOC’s Rising Focus on Overnight Rate Spurs Talk of Policy Shift
The Chinese central bank’s heightened focus on the overnight money market rate is fueling speculation that it may eventually move toward adopting this tenor as its primary policy target.
By Charlie Zhu, Wenjin Lv · Bloomberg Markets
The Chinese central bank’s heightened focus on the overnight money market rate is fueling speculation that it may eventually move toward adopting this tenor as its primary policy target.