Economics

China’s PBOC Leads the Fed in Weaning Economy Off Stimulus

The People's Bank of China As China's Suppressed Market Rates Leave Room for Policy Tightening — Photographer: Qilai Shen/Bloomberg

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By Bloomberg News

June 24, 2021 at 9:00 PM UTC

Updated on

June 25, 2021 at 6:05 AM UTC

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China’s central bank is a step ahead of its U.S. counterpart in reining in its Covid-19 emergency stimulus, relieving potential market pressure from the Federal Reserve’s looming shift in policy.