The People's Bank of China (PBOC) held the fourth quarter monetary policy meeting earlier this week. The wording of the statement following the meeting showed some changes compared to the one in the third quarter, indicating further policy easing and more counter-cyclical adjustment with slowing domestic demand and uncertain international environment.
- The PBOC dropped the word "neutral" in its description of monetary policy. It said it will implement "prudent monetary policy while putting more emphasis on keeping it appropriately tight and appropriately loose, maintaining reasonably ample liquidity and keeping reasonable growth rate of money supply . . .
To continue reading, please subscribe.
We highly value independence. Yuan Talks is solely funded by subscriptions from thousands of intelligent readers like you. Don't miss out!
What you'll get:
- Original and in-depth reporting on China's economy and financial markets with details, data and perspectives you don't read elsewhere!
- Daily Brief newsletter delivered before market open every weekday wrapping up the most important China-related information.
- Weekly Market Wrap-up on Chinese equities, bonds, the yuan and commodities!
- Interviews with China experts. We find you insights you should never miss!
Not ready for the full service? Subscribe to our Free Weekly Newsletter first.
Already have an account? Sign In