China Securities Journal: PBOC dismisses talk its engaging in QE

Via MNI ... People’s Bank of China economist Ma Jun dismissing talk of China's version of Quantitative Easing

• Interbank market has accepted that the weekend expansion of a PBOC relending program means just another channel to get funding to the banking system
• PBOC is quashing talk that this means a potential CNY7 trillion injection of funds by the central bank
• Government will continue to respond to flagging economic conditions
• China Securities Journal quoting analysts in coverage of yesterday's inflation report ... saying that rate and reserve cuts are "high probability events" in the fourth quarter

-

MNI with the news from the China Securities Journal