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China's central bank, the People's Bank of China (PBoC), has sought advice from European financial institutions regarding the challenges posed by low interest rates. This outreach comes amid concerns that further interest rate cuts may have limited impact on stimulating credit demand and consumption within China. The PBoC is exploring strategies as the country faces the risk of entering a prolonged period of low inflation. Concurrently, top officials from major European central banks are engaged in discussions about reducing regulatory burdens on commercial lenders within the European Union, reflecting broader concerns about financial sector dynamics in both regions.
"#China’s central bank has asked European financial institutions for advice on dealing w/the effects of low interest rates, as the world’s 2nd-largest economy risks slipping into a prolonged period of low inflation" https://t.co/jfKeIykjZD
1/2 FT: "Some policy advisers to the PBoC are concerned that further cuts would have a diminishing effect in boosting credit demand or consumption." In fact rate PBoC cuts have so far had almost no effect at all on boosting consumption. https://t.co/bjL8knLwvn via @ft
Top officials from Europe’s most influential central banks are discussing how to reduce the regulatory burden on the bloc’s commercial lenders https://t.co/0O6SxBBifT
