Logo 07 Aug 2020

Monetary policy to see marginal tightening in H2

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Oh, we ain’t done yet.

The PBoC’s Q2 monetary report (see previous entry) had some additional nuggets of note.

Encouragingly, central bank officials think the economy is almost back to normal and will continue to improve in H2 (PBoC):

“Economic growth in the second half of the year is expe...