PBoC chief economist dismisses talk of QE
Ma Jun addresses rumours central bank is looking to acquire local government bonds as collateral
People's Bank of China (PBoC) chief economist Ma Jun has dismissed reports the central bank is mulling a quantitative easing programme to help shore up debt owed by municipal governments.
The comments were made in an interview yesterday, following local media reports the PBoC is angling to buy up local government liabilities that commercial banks are reluctant to touch.
"There's no need to directly buy newly issued local debt to print money in so-called QE," Ma told China Business News. He added
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