Welcome

China’s Central Bank Signals Easing as Economic Risks Mount (3)

Nov. 22, 2021, 10:34 AM

China’s central bank signaled possible easing measures to aid the economy’s recovery after a sharp downturn in recent months fueled by a property slump.

In its latest quarterly monetary policy report published Friday, the People’s Bank of China removed from its policy outlook a few key phrases cited in previous reports, including sticking with “normal monetary policy.”

That suggests a shift in stance toward more supportive measures, several major banks like Citigroup Inc., Nomura Holdings Inc. and Goldman Sachs Group Inc. said.

The report dropped previous phrases to “control the valve on money supply” and vowing not to “flood ...

To read the full article log in.

Learn more about a Bloomberg Law subscription.