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Reading: China’s Central Bank Is Under Pressure, but to What End?
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The Wall Street Publication > Blog > Markets > China’s Central Bank Is Under Pressure, but to What End?
Markets

China’s Central Bank Is Under Pressure, but to What End?

Editorial Board Published December 9, 2021
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China’s Central Bank Is Under Pressure, but to What End?
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When is a central bank not truly independent?

Certainly, when corruption inspectors from the ruling party show up at the central bank to expound on the question of central-bank independence and on the conduct of monetary policy. According to a recent interview with Xu Jia’ai of China’s Central Commission for Discipline Inspection, posted on the Commission’s website, this is precisely what happened recently at the People’s Bank of China.

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