To be continued * Under the 2003 PBOC Law, the following monetary policy instruments are at the PBOC'S disposal in implementing monetary policy: reserve requirements, base interest rates, rediscount facilities, provision of loans open market operations, and other monetary policy instruments determined by the state Council 7To be continued  Under the 2003 PBOC Law, the following monetary policy instruments are at the PBOC’s disposal in implementing monetary policy: reserve requirements, base interest rates, rediscount facilities, provision of loans, open market operations, and other monetary policy instruments determined by the State Council. 7