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People’s Bank of China to Align Monetary and Fiscal Policies for Economic Boost

China’s central bank aims to coordinate closely with fiscal measures while monitoring long-term interest rates to strengthen economic support.

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Terms & Concepts
  • Monetary Policy: The process by which a central bank manages money supply and interest rates to influence economic activity.
  • Fiscal Policy: Government measures involving taxation and spending aimed at influencing economic performance.
  • Long-term Interest Rates: Interest rates on financial instruments with extended maturities, affecting borrowing costs and investment decisions over time.