China’s central bank official said it has no intent to tighten or relax monetary policy, as a response to the market debates whether the authority will scale back the scope of support to the economy after the latest data indicate a faster-than-expected recovery.
The People’s Bank of China’s use of reverse repos or a medium-term lending facility (MLF) should not be taken as a signal that the central bank has a loosening bias, said vice PBOC governor Liu Guoqiang at a news briefing on Thursday.
Likewise, if the PBOC does not conduct reverse repos . . .
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