China urges markets to focus on rates, not liquidity, to avoid ‘misunderstanding’ of monetary policies

Source: South China Morning PostChina’s central bank has called for attention to be focused on policy rates rather than liquidity operations as concerns over the country’s exit from its coronavirus-driven stimulus package hang over the world’s second-largest capital market.Markets are concerned about a faster-than-expected exit from the policies used to prop up the world’s second-largest economy amid the coronavirus-induced slowdown, with China continuing to show recovery alongside a vaccination plan that is moving forward…Read More

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