2011-02-10

PBOC to track M3

The U.S. Federal Reserve stopped tracking M3 in 2006, the PBOC is about to start tracking it in 2011.

Central Bank Moves to Track M3
The People's Bank of China, the central bank, has drafted a plan to track all money market funds, China Securities Journal reported on February 10.

Funds raised through trusts, share offerings, corporate bonds, foreign direct investment, foreign debt and other channels are included in the plan, which is seeking opinions from other government agencies, according the paper.

Policymakers hope that the tracking of M3 or even MZM will help address problems like inflation.

No comments:

Post a Comment