The PBC administers two different benchmark interest rates: one year lending and one year deposit rate.

中国人民银行负责管理两个不同的基准利率：一年期贷款利率和一年期存款利率。

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The Federal Reserve has contemplated on QE2 for some time, and the PBC and the Fed had communications on a number of occasions, including the regular bimonthly BIS meeting.

应该说，美联储的QE2已经酝酿一段时间了，人民银行与美联储在多种场合进行了多次沟通，国际清算银行每两个月举行一次的例会就是其中一个渠道。

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to provide secretarial services to the Monetary Policy Committee of the PBC.

承办中国人民银行货币政策委员会秘书处的日常工作。

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Pricing is important, because PBC transfers resource-management risks to suppliers, which must decide what risk premium customers should pay.

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The second step would be for the PBC to perform dollar-for-yuan foreign exchange reserve swaps with African central banks, with China offering to split the seigniorage (the difference between the face value of currency and the cost to produce it) with the African nations as a form of foreign aid.

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After controlling for self-selection bias, the impact of PBC on reliability shifted from negative to strongly positive.

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