Wednesday, August 14, 2013
China's Central Bank Desiderates to Improve Transparency
ANBOUND
There is a trend of favoring "Forward Guidance" amongst the worldwide central banks. It is able to enhance the transparency of monetary policy and lead a better market expectation. From Anbound's point of view, China’s central bank needs “Forward Guidance” the most compared to other central banks as it highly needs to improve the transparency of monetary policy. Even though China may not adopt “Forward Guidance ” for the time being, but it should at least strengthen its communication with the market.