Wednesday, August 5, 2009

China States the Obvious

Aug. 6 (Bloomberg) -- China’s central bank warned that monetary easing by developed nations threatens to cause “severe” inflation and currency volatility.

“Failure to manage the degree of easing may lead to concerns about mid- and long-term inflation and exchange-rate stability,” the People’s Bank of China said in a quarterly monetary policy report, posted on its Web site yesterday.

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