PBOC to Maintain 'Prudent Monetary Policy

The transcript discusses the People's Bank of China's (PBOC) third quarter policy meeting, highlighting the central bank's view of economic stability despite international divergences. It covers the PBOC's prudent monetary policy, targeted measures like cash injections, and the potential for future interest rate cuts. The PBOC aims to maintain stability while addressing economic challenges.

What are the positive signs mentioned by the PBOC in the US economy?

• Trade deficits

• Rising unemployment

• Monetary easing

• Increased inflation

How does the PBOC describe the current state of the Chinese economy?

• Experiencing high inflation

• Facing severe instability

• In a reasonable range

• In a crisis

What approach does the PBOC plan to take regarding its monetary policy?

• Complete withdrawal

• Aggressive easing

• Prudent and flexible

• Strict tightening

What targeted measures has the PBOC recently implemented?

• Trade restrictions

• Currency devaluation

• Cash injections and relaxed property rules

• Increased interest rates

What do some economists, like Wang Tao, predict about the PBOC's future actions?

• Increase in taxes

• Interest rate cut by the end of the year

• Reduction in social financing

• Immediate easing cycle