Why the People’s Bank of China is having a good coronavirus pandemic

Give credit where credit is due. The People’s Bank of China (PBOC) is having a good pandemic. China’s economic recovery from the Covid-19 outbreak is continuing even if it remains a little uneven. That partly reflects the success of the central bank in crafting a monetary policy response to the pandemic that is well suited to China’s situation. That doesn’t mean that other major central banks such as the Bank of England, the European Central Bank or the Federal Reserve have been remiss in their…

Read the original article at South China Morning Post