Structural policy tools totalled about 6.8 trillion yuan ($987.42 billion) at the end of the first quarter and the PBOC will maintain stability in long term structural policy tools, such as relending tool, said Zou Lan, head of the monetary policy department at PBOC. ($1 = 6.8866 Chinese yuan renminbi) (Reporting by Kevin Yao and Ellen Zhang; Editing by Raissa Kasolowsky)
BEIJING, April 20 (Reuters) - China's macro leverage
ratio in the first quarter was at 289.6%, up 8 percentage points
from the end of 2022, and the central bank expects the ratio to
stay basically stable this year, said Ruan Jianhong,
spokesperson of the People's Bank of China (PBOC) on Thursday.
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