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The PBOC's Stance on Monetary Policy Is Frustrating
The People's Bank of China also acknowledges how many fires it's trying to put out when it says a quote, comprehensive balance should be established within these multiple objectives end quote. So we are not looking at NGP targeting at 3% and that's all we're up to, right? I mean, reading the... They never take any goals out is the problem. The PBOC puts the Fed to shame in terms of inscrutability for sure.
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