Keeping a Watchful Eye: PBOC to Monitor Long-Term Yields During Economic Recovery
China’s Central Bank Issues Reassurances Amid Economic Challenges The People’s Bank of China (PBOC) Responds to Economic Downturn China’s central bank, the People’s Bank of China, issued a statement yesterday filled with the usual reassurances. They pledged to enhance implementation of monetary policies to stimulate domestic demand and revitalize the economy. The bank acknowledged that…