Caixin
Nov 22, 2021 03:23 PM
FINANCE

China’s Central Bank Signals Easing as Economic Growth Slows

A man pushes a bike past the People's Bank of China (PBOC) building in Beijing on March 4.  Photo: Bloomberg
A man pushes a bike past the People's Bank of China (PBOC) building in Beijing on March 4. Photo: Bloomberg

(Bloomberg) — China’s central bank signaled possible easing measures to aid the economy’s recovery as growth weakens.

In its latest quarterly monetary policy report published Friday, the People’s Bank of China (PBOC) removed a few key phrases cited in previous reports in its policy outlook, including sticking with “normal monetary policy.” That suggests a shift in stance toward more supportive monetary policy, according to economists at Citigroup Inc., Nomura Holdings Inc. and Goldman Sachs Group Inc.

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