PBOC’s Got A Lot To Juggle

By |2020-01-29T19:23:21-05:00January 29th, 2020|Currencies, Economy, Federal Reserve/Monetary Policy, Markets|

While China’s coronavirus outbreak dominates Western media attention, the Chinese economy has been off for its Golden Week New Year celebrations. Unfortunate timing, to say the least. While global markets have been digesting the latest developments, domestic markets in China have been closed. Nobody really knows how they will reopen on Monday. As a consequence, the People’s Bank of China [...]