PBOC 2

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Across
  1. 2. This rate is regarded as the upper bound of an interest-rate corridor
  2. 4. This rate was increased the week before Chinese New Year
  3. 6. Used in open-market operations to absorb liquidity
  4. 9. A (relatively) vocal employee of the central bank
  5. 10. PBOC's favorite word when it comes to describing monetary policy
  6. 11. A PBOC publication
  7. 13. Used in open-market operations to inject liquidity
  8. 15. Top policy makers characterized monetary policy as _______ in December, showing a shift toward relative tightening
Down
  1. 1. The most opaque of all tools but often effective in China
  2. 2. Nicknamed "sweet and sour noodles" in China for its English initials
  3. 3. Probably the easiest to remember of all the acronyms
  4. 5. The last adjustment was a cut in October 2015.
  5. 7. The most important man at the PBOC
  6. 8. The current PBOC governor's predecessor
  7. 12. These loans are longer-term and only offered to major banks
  8. 14. Neglected for a while, this tool is sometimes used to support specific sectors
  9. 16. The latest member of the PBOC alphabet soup