In the recent 20 years, credit reporting system has received increased attention from the government and the private sector of all countries. This conference jointly sponsored by the World Bank and the People’s Bank of China (PBC) conforms to the needs of development of the credit reporting system in the world.
Remember that it was only in 1994 that the Federal Reserve decided to make its interest rate decisions public. Before that, markets had to guess whether or not the FOMC had changed its federal funds rate target.