PBoC’s post-pandemic policy is still up in the air

Coronavirus

A perplexing phenomenon in the global response to Covid-19 is the stark contrast between the monetary policies of the two largest economies. While the US Federal Reserve has taken a ‘whatever-it-takes’ approach by flooding the market with liquidity – and, hopefully, confidence – through a series of facilities, the People’s Bank of China, so far, has been quiet in giving any signal of quantitative easing. In fact, Beijing’s largely hesitant response also contrasts with its heavy-handed stimulus

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here: http://subscriptions.centralbanking.com/subscribe

You are currently unable to copy this content. Please contact [email protected] to find out more.

To continue reading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here: