BOE's Woods: Cautiously optimistic that China will be able to avoid Evergrande becoming a major global issue
Remarks by BOE deputy governor, Sam Woods
- My base case is that Evergrande "won't go badly wrong"
- Cases such as Evergrande, Archegos are signs that markets have become "frothy"
This adds to the list of central bankers who are seemingly less worried about how things with Evergrande are going to play out at the end of the day. Adam provided some colour on that in his post yesterday here.