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?
