Do the recently announced moves by the People's Bank of China count as quantitative easing? China has been loosening monetary policy, but the other components of financial conditions have not loosened. As growth continues to slow, the recent actions look like the PBOC running just to stand still.
About the authors
Economist Insights is written by Joshua McCallum and Gianluca Moretti. Joshua has been working at Global Asset Management with the title of Senior Fixed Income Economist since 2005. Prior to this, he worked at the UK Treasury as a macroeconomist. Gianluca joined Global Asset Management in 2010. Prior to this he worked at the Italian central bank.
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