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China sets stage for easier monetary policy as central bank deletes language from new report
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cnbc.comBEIJING — 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 a reference to how the central bank would not engage in large-scale, flood-like stimulus. It's a phrase that indicates policy restraint and has appeared in central government statements since at least
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