People's Bank of China (PBOC)

The People's Bank of China (PBOC) is China's central bank, responsible for managing the country's money supply, interest rates, and financial stability. It formulates monetary policy to control inflation, support economic growth, and maintain a stable currency. The PBOC also supervises financial institutions, manages China's official foreign exchange reserves, and implements policies related to banking and currency regulation. Essentially, it guides the overall health of China’s economy by making decisions that influence borrowing, spending, and inflation.