Does This Mean The Chinese Central Bank Is Done For The Day?

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Some headlines just crossed the wire from the People’s Bank of China, but overall the comments seem benign.According to Bloomberg’s Guy Johnson, the PBOC has made some general comments about how Europe remains the biggest risk to the economy, that a double dip recession in the global economy can’t be ruled out, and that it will use various policy tools for monetary operation.

But is that all from the PBOC today?

As our Joe Weisenthal noted just minutes ago, the PBOC surprised everyone last month by unexpectedly announcing surprise rate cuts as the Bank of England announced its monetary policy.

The BoE has yet to announce policy this morning.  Perhaps this PBOC statement is their way of saying “Don’t get your hopes up.”

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