China’s Central Bank Signals Easing as Economic Growth Slows
(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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