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Mayhem In Money Markets: China Warns Investors Not To “Underestimate” The Danger
The complexity of the situation shouldn’t be underestimated.
That's a quote from the PBoC emphasizing just how difficult the Chinese central bank's job has become. "China will give higher priority to balance between tightening and easing and keeping the monetary policy neutral," officials said, in a statement following the quarterly meeting of the monetary policy committee.
It would be difficult to overstate how precarious the balancing act has become since the August, 2015 move to begin a
