China signals focus shift to policy delivery as PBOC drops stimulus language

AI Summary

The People’s Bank of China removed language about planning additional policy measures from its latest quarterly monetary policy report, suggesting a shift toward implementing existing support. Analysts expect the December annual policy-setting meeting to be the next opportunity for Beijing to announce fresh stimulus.

China’s central bank’s decision to drop a reference to additional policy measures from its latest quarterly report suggests Beijing’s focus is shifting towards implementing existing support measures, with analysts pointing to December’s annual policy-setting meeting as the next window for fresh stimulus. In its third-quarter monetary policy implementation report released on Wednesday, the People’s Bank of China (PBOC) removed a pledge included in its previous quarterly report to “timely plan and...