The lack of clarity from China’s central bank is at odds with a recent drive to boost market communication. The PBOC has issued a relative flurry of statements this month, saying on Aug. 15 that investors mustn’t focus too much on short-term concerns. Days earlier, after data showed the weakest increase in credit in two years, PBOC research bureau chief economist Ma Jun said the slump hasn’t hurt growth.Other central banks failing to communicate clearly include the Federal Reserve, Bank of Japan and European Central Bank. Panic is guaranteed as the monetary singularity approaches because the odds of extreme outcomes are rising. So central banks opt for confusion.
“Investors are waiting for further signals from the central bank,” said Shen Bifan, an analyst at First Capital Securities Co.’s fixed-income department. “It seems the PBOC wants to warn investors not to get excessively leveraged, but on the other hand, it wants to keep the measure moderate to avoid panicking the market.”
王毅访新西兰、澳大利亚 双边关系现稳定进展
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中国外交最高级别官员王毅18日访问了新西兰,进行新西兰新保守派政府上台以来的首次访问。他还将于20日访问澳大利 […]...
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