Business

New Chinese central banker

AS Australians know only too well, central bankers are often among the most powerful players given their influence over interest rates.

Statements or utterances from the likes of Glenn Stevens and Ben Bernanke - even their menu choices - are picked over in detail by analysts hoping to gauge their next monetary move.

Much the same attention is beginning to be paid to China's central bank even though the "People's Bank of China" is less independent - and far less transparent - than most.

With China's economy slowing, expect the PBoC to weigh in with rate cuts and further easing on the level of assets commercial banks need to deposit with it.

In the meantime, the central bank of the world's second biggest economy has just appointed three new members to its monetary policy committee.

Read more at Brisbanetimes.com.au

Topics:  china chinese economy


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