Swiss Economicblogs.org
The mainstream narrative as it relates to Chinese money is “tightening.” Having survived the economic downturn last year, we are to believe that the PBOC is once again on bubble duty. They raised their reverse repo rates, considered to be their policy benchmarks, three times up to mid-March. The central bank also increased the rate on its Medium Term Lending Facility (MLF) which has been a main source of RMB liquidity...
Read More »PBoC: Mechanical Tightening PBoC is China Central Bank
