Pan: PBoC will continue ‘supportive’ policy next year
Central bank also expands M1 definition as governor Pan Gongsheng signals continued stimulus
China’s central bank governor Pan Gongsheng pledged to continue the “supportive” monetary policy stance next year, in remarks on December 2.
The People’s Bank of China (PBoC) also announced it would expand the scope of M1, a key measurement of money supply in an economy.
The central bank first started using the phrase a “supportive monetary policy stance” in recent months, as authorities rolled out a series of stimulus measures to support China’s faltering economy. The phrase contrasts with the
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