I don’t understand this article. The PBOC wants market forces to determine interest rates and then goes on to point out why market rates are not always in the best interest of the economy and points to all the tools it has to moderate supply and demand.
I don’t understand this article. The PBOC wants market forces to determine interest rates and then goes on to point out why market rates are not always in the best interest of the economy and points to all the tools it has to moderate supply and demand.