It is indeed true that the PBOC is not shrinking its balance sheet like the US Federal Reserve. Instead it has been trashing that balance sheet. Photo: Reuters
Jake Van Der Kamp
Opinion

Opinion

Jake's View by Jake Van Der Kamp

Talk of different policy tools makes no difference at all

It is indeed true that the PBOC is not shrinking its balance sheet like the US Federal Reserve. Instead it has been trashing that balance sheet.

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It is indeed true that the PBOC is not shrinking its balance sheet like the US Federal Reserve. Instead it has been trashing that balance sheet. Photo: Reuters
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