So says the PBOC in their latest financial stability report 27 June 2016
- will ensure ample liquidity via OMO, RR ,rates
- China to boost reforms, opening up of financial sector
- China to continue pro-active fiscal policy in 2016
- will prevent systemic, regional financial risks
- will lower taxes and fees for businesses
- will further lower refinancing costs
- sees further downside pressure on the economy
- will boost yuan two-way flexibility
- international financial market getting more volatile
Yep thanks for that last one. And who do you think actually kicked it all off?
The global blame game continues.
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PBOC - Tough times ahead still
