PBOC May Look Into Wind Back Some Stimulus: Bank of Singapore's Jerram

The transcript discusses economic strategies, focusing on maintaining liquidity and the potential scaling back of stimulus by the PBOC. It highlights the distinction between monetary and fiscal policies, emphasizing concerns over the credit bubble. The discussion also critiques recent tax cuts, suggesting they were unnecessary given the temporary nature of global economic disruptions and positive trade talk outcomes.

What is the primary reason for the PBOC's consideration to scale back stimulus measures?

• The economy is still in recession.

• The economy has shown sufficient resilience.

• The global economy is in a downturn.

• There is a need to increase the credit bubble.

Which area is expected to face more policy reversals due to concerns about the credit bubble?

• Government finances

• Monetary policy

• Infrastructure spending

• Taxation

Why were the tax cuts announced in March considered unnecessary?

• Commodity markets were declining.

• The economic disruption was temporary.

• The trade talks were expected to fail.

• The global economy was in a severe downturn.

What was the expected outcome of the trade talks according to the transcript?

• No significant changes

• A compromise outcome

• An aggressive squeeze on China

• A complete breakdown in negotiations

What was the perceived state of the PMIs according to the transcript?

• They were showing signs of a downturn.

• They were holding up well.

• They were irrelevant to the discussion.

• They were declining rapidly.