PBOC to improve twin pillar policy framework

Key takeaways from the PBOC's third quarter monetary policy implementation report crossing the wires via Reuters-

Key points

Will continue to improve its policy framework, which involves the use of both monetary tools and macro-prudential regulation to address risks while supporting growth.

While traditional monetary policy can address instability during economic cycles, it alone cannot deal with fluctuations during financial cycles, and that's where macro-prudential regulation comes in.

The central bank will continue to improve the 'twin pillar' framework.