Econ and Finance - 26 Aug 2020

PBoC spreads its monetary message – again

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Stable. Flexible. Moderate.

That’s how Sun Guofeng, head of the monetary policy department at the People’s Bank of China (PBoC), summarized current monetary policy.

Some context:That’s a slight variation on the “flexible and targeted” mantraregulators were promoting earlier in the month, but ...


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