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Zhou's chess tips ease markets while keeping PBOC strategy dark

Governor is communicating more about his moves as he makes them but he is not ready to give the game away

Mr Zhou told Caixin last year that "good communication is never an easy thing", adding that the PBOC has a strong willingness to better inform the public and the market.[WIRE_CREDIT]


PEOPLE'S Bank of China's (PBOC) governor Zhou Xiaochuan, who has likened monetary-policy communication to chess, is telling markets more about his moves as he makes them.

That doesn't mean he's ready to give the game away. The PBOC's regular cash injections are now coming...

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