China Central Bank Says QE by the Fed Ineffective and Dangerous
January 31, 2011 at 00:39 AM EST
Quantitative easing [QE] by the Federal Reserve and other central banks cannot address fundamental economic problems but may lead to excessive global liquidity and competitive currency depreciation, China’s central bank said on Sunday. According to the People’s Bank of China, “Quantitative easing policy cannot fundamentally address economic problems, and it may cause excessive liquidity on [...]