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Pboc

A collection of 7 posts

DeepDive: Signals From the Central Bank

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DeepDive: Signals From the Central Bank

In this DeepDive, we analyse the PBoC’s latest policy communication and macro outlook. Our text-based indicators still point to more stable macro conditions, supporting our cautiously optimistic view from mid-February. While our indicators continue to suggest an accommodative stance and more policy support ahead, the more hawkish policy communication

DeepDive: Changes in the Monetary Policy Toolbox

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DeepDive: Changes in the Monetary Policy Toolbox

Last week, the governor of the PBoC hinted at a number of potential changes to the central bank's monetary policy toolbox, including government bond trading, a greater focus on price-based monetary instruments, and changes to the definition of narrow and broad money supply. Our latest DeepDive has more.

DeepDive: The Latest from the PBoC

DeepDive: The Latest from the PBoC

In our DeepDive, we analyse the PBoC’s latest macroeconomic outlook. Our text-based macro indicators continue to point to an improving outlook, reinforcing our cautiously optimistic view that we adopted in early February. Our DeepDive has the latest readings of our indicators and key messages from the PBoC’s policy

DeepDive: Nascent Signs of an Improving Outlook in the PBoC’s Messaging

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DeepDive: Nascent Signs of an Improving Outlook in the PBoC’s Messaging

In our latest DeepDive, we analyse the PBoC’s Q4 monetary policy report and macroeconomic outlook. Our text-based macro and growth support indicators have begun to show early signs of improvement in the macro outlook, which makes us more cautiously optimistic from a cyclical perspective than we were last year.

DeepDive: Key Messages from the PBoC’s Monetary Policy Outlook

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DeepDive: Key Messages from the PBoC’s Monetary Policy Outlook

In our latest DeepDive, we analyse the PBoC’s Q3 monetary policy report and outlook for the macroeconomy going forward. While the central bank continues to be optimistic, our quantitative text-based indicators continue to show a more mixed picture.

QuickScan: The PBoC’s Optimistic Outlook

QuickScan: The PBoC’s Optimistic Outlook

In our latest QuickScan, we dissect the PBoC’s monetary policy report and outlook for the macroeconomy for the second half of the year. While the central bank paints an optimistic picture, there are a few catches. In its Q2 monetary policy report released last week, the People’s Bank

QuickScan: On the Lookout for Risk

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QuickScan: On the Lookout for Risk

In this QuickScan, we take a look at language on risk and oversight in meeting readouts from the PBoC’s monetary policy committee. The findings indicate that the focus on risk remains elevated, but did not change significantly over the years of the pandemic, including last year. The focus on