Our quarterly dose of the same old waffle
- Will fine tune policy in a preemptive and timely way
- Will create neutral and appropriate monetary and financial environment for structural reforms
- Will curb asset bubbles and prevent economic and financial risks
- Sees more challenges in balancing economic growth and preventing asset bubbles
- CPI is expected to remain stable but faces upward pressure
- Overall leverage in the economy is still rising and financial risks are on the rise
- RRR cuts sends a too strong policy signal
- Will flexibly use multiple mon pol tools to keep money markets stable
If anything, these comments are a touch more bearish than usual.
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