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China sets the stage for easing as PBOC deletes phrases in new report

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People walk past the headquarters of the People’s Bank of China (PBOC), the central bank, in Beijing, China September 28, 2018. 

Jason Lee | Reuters

BEIJING — China’s central bank removed several phrases on policy restraint in a quarterly report, a move economists said may be a sign that stimulus is on its way.

The People’s Bank of China has kept monetary policy little changed since China shook off the worst of the pandemic’s impact last year. Economic growth has slowed in the last several months amid a regulatory crackdown on the property sector, power shortages at factories and lackluster consumer spending.

The PBOC’s third quarter report on monetary policy released late Friday left out…



Source cnbc.com

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