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How effective will the PBOC's flood prevention and relief measures be by end of 2024?
1
Resolution / Starting Odds
Highly Effective • 25%
Moderately Effective • 25%
Slightly Effective • 25%
Not Effective • 25%
Official reports from the People's Bank of China (PBOC) and reputable news agencies
Story
PBOC Issues 100 Billion Yuan ($13.9 Billion) Re-lending Quota for 12 Flood-Hit Provinces
Aug 14, 2024, 01:21 AM
The People's Bank of China (PBOC) has announced a significant financial measure to support areas affected by recent floods. The central bank will issue a re-lending quota of 100 billion yuan ($13.9 billion or USD14 billion) aimed at bolstering agriculture and small businesses in 12 provinces, including Chongqing, Fujian, and Guangdong. This initiative is part of a broader effort to enhance flood prevention and relief measures. Additionally, the PBOC injected 369.2 billion yuan through a 7-day reverse repo operation to maintain liquidity in the financial system.
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Yes • 50%
No • 50%
Yes • 50%
No • 50%
Yes • 50%
No • 50%
Yes • 50%
No • 50%
Increase by more than 1% • 25%
Increase by 0.1% to 1% • 25%
No significant change • 25%
Decrease • 25%
Less than 100 million yuan • 25%
100 to 200 million yuan • 25%
201 to 300 million yuan • 25%
More than 300 million yuan • 25%