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PBOC: Central bank committed to prudence
PBOC's moves not to be confused with initiating quantitative easing China's central bank may regard treasury bond trading in the secondary market as one of the common means to provide liquidity - a practice that hasn't been active for about two decades and a meaningful means to optimize its monetary policy system, experts said. But such a potential shift, they stressed, should not be mistaken as China initiating quantitative easing (QE) as some Western central banks have resorted to, as such a move serves different purposes and indicates a much more aggressive policy stance. The People's Bank of China, the country's ... (full story)