China’s Central Bank Signals Easing as Economic Growth Slows By Bloomberg – Investing.com

China’s Central Bank Signals Easing as Economic Growth Slows By Bloomberg – Investing.com

(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 removed a few key phrases cited in previous reports, including sticking with “normal monetary policy.” That suggests a shift in stance toward more supportive monetary policy, according to economists at Citigroup Inc (NYSE:)., Nomura Holdings (NYSE:) Inc. and Goldman Sachs Group Inc (NYSE:).  

The report also dropped the phrase to “control the valve on money supply,” which suggests a step-up of monetary easing, according to Macquarie Group (OTC:) Ltd.’s Larry Hu.