2013-08-06
PBOC Signals Structural Reforms, Not Policy Easing
The author is Nomura economist Zhiwei Zhang. The People‟s Bank of China issued the second quarter Monetary Policy Report today. We think the key messages are that monetary policy will likely remain tight in the third quarter and the importance of reforms is emphasized. The top priorities for the PBOC changed from "stabilizing growth, containing […]
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