The Saturday article in the Shanghai Securities News says that
-
China should choose the right timing and force in easing monetary
policy
-
“China’s monetary policy needs to balance between supporting the
economy and preventing risks, and is also constrained by Sino-U.S.
yield differentials as well as domestic banks’ interest margins.”
This follows last week’s news from the People’s Bank of China:
It also follows a Friday piece in China’s ‘Financial News’ outlet:
-
Policy easing, including the use of structural tools, is not just
about cutting interest rates or RRRs - monetary easing does not necessarily
translate to credit easing - financial stimulus alone does not lead
to a sustainable boom in consumption
This all sounds like Chinese authorities are trying to dampen expectations of a further monetary policy easing. Do they think this:
is enough?
This article was written by Eamonn Sheridan at www.forexlive.com.