Central Bank Douses Quantitative Easing Speculation
A senior central bank official has waded into the debate over whether the People’s Bank of China (PBOC) should buy bonds and stocks to inject money into the economy to help counter a slowdown in growth.
Sun Guofeng, director of the PBOC’s monetary policy department, knocked the idea on the head over the weekend, telling reporters that the central bank’s monetary toolkit has been effective and that quantitative easing (QE) is not on the table.
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