Exact(60)
The PBOC should too.
Now, however, the PBOC is losing money.
"Since the plenum the PBoC have been tightening.
The PBOC was instead worried about something else.
But the People's Bank of China (PBOC) is more particular.
The PBOC tightened it six times last year.
And it is the PBOC they should be watching, not the Fed.
The PBOC has not yet mastered the art of micromanaging interbank rates.
But I don't see why that should pose a problem for the PBOC.
This, in turn, would give the PBOC room to raise interest rates.
The recent slide in China's growth shows that the PBOC is struggling to hit its mark.
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