People's Bank of China official comments on monetary policy, liquidity provision

People's Bank of China official:

• monetary policy to further improve cross-cyclical adjustments, maintain stable and moderate credit development
• will keep liquidity reasonably ample
• will avoid flood-like stimulus, keep prices stable

This is regular sort of stuff from the People's Bank of China. The economy is being pummelled by COVID lockdowns, a property sector implosion, power shortages in major industrial hubs ....

And we get from the PBOC:

Sheesh.

BTW, I shouldn't single out the PBOC. The Fed is way, way behind the curve in its battle with inflation Inflation Inflation is defined as a quantitative measure of the rate in which the average price level of goods and services in an economy or country increases over a period of time. It is the rise in the general level of prices where a given currency effectively buys less than it did in prior periods.In terms of assessing the strength or currencies, and by extension foreign exchange, inflation or measures of it are extremely influential. Inflation stems from the overall creation of money. This money is m Inflation is defined as a quantitative measure of the rate in which the average price level of goods and services in an economy or country increases over a period of time. It is the rise in the general level of prices where a given currency effectively buys less than it did in prior periods.In terms of assessing the strength or currencies, and by extension foreign exchange, inflation or measures of it are extremely influential. Inflation stems from the overall creation of money. This money is m Read this Term, as is the RBA and others. The Bank of England Bank of England The Bank of England (BoE) functions as the United Kingdom’s central bank and is one of the key drivers of monetary policy in Europe. As one of the world’s oldest central banks and established in 1694, the BoE is owned by the British government. Its central mandate involves maintaining and targeting interest rates while using other tools to help either stimulate or contract the economy. Moreover, the BoE is responsible for producing the UK’s bank notes as well as supervising key bank payment sy The Bank of England (BoE) functions as the United Kingdom’s central bank and is one of the key drivers of monetary policy in Europe. As one of the world’s oldest central banks and established in 1694, the BoE is owned by the British government. Its central mandate involves maintaining and targeting interest rates while using other tools to help either stimulate or contract the economy. Moreover, the BoE is responsible for producing the UK’s bank notes as well as supervising key bank payment sy Read this Term, well, they are just a basket case.

Maybe I should nominate the Reserve Bank of New Zealand as at least getting on the ball very early. And the BOJ, nothing bothers that lot.