China’s Central Bank Has Quietly Launched Its Own QE

• China’s Central Bank Has Quietly Launched Its Own QE
  by Tyler Durden, https://www.zerohedge.com/
  Earlier this week we discussed the striking difference between virtually every western central bank balance sheet – of which the Fed’s is a prime example – all of which have grown at a staggering pace over the past decades and especially since the covid crisis as central banks acquired various securities most notably Treasurys and MBS to ease monetary conditions…
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  … and that of the PBOC which has been surprisingly steady because – as we explained before – China has been gradually transitioning from a quantity-based monetary policy framework to a price-based one, whereby monetary policy is primarily adjusted via quantity-based instruments such as RRR cuts.
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