Interest rates not “the lower the better”, China’s leverage to rise further in coming months – PBOC
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Interest rates not “the lower the better”, China’s leverage to rise further in coming months – PBOC
STOCKS

Interest rates not “the lower the better”, China’s leverage to rise further in coming months – PBOC

 

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Chinese central bank warned that lowering interest rate does not mean rates are "the lower the better", stressing that unconventional monetary policy should exit when it's no longer appropriate.

China's prudent monetary policy should be more flexible and appropriate and “right now, we put greater emphasis on the word appropriate", Guo Kai, deputy director at the monetary policy department of the People's Bank of China (PBOC), said at a briefing on Friday, pointing to considerations about future changes to the credit supply and prices.

On one hand, "appropriate" refers to "appropriate aggregate . . .

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