PBOC Adopted Less Dovish Tone at 2Q Meeting Than in 1Q, Goldman Sachs Says -- Market Talk

Dow Jones06-30

0344 GMT - The PBOC adopted a less dovish tone at last week's 2Q monetary policy committee meeting than in 1Q, several members of Goldman Sachs' economic research say in a note. The central bank updated its assessment of the Chinese economy to "showing positive momentum, with sustained recovery in sentiment," compared with "making strides while maintaining stability" previously. The PBOC also replaced the phrase "cutting the RRR and policy rate when appropriate" with "exercise flexibility in determining the pace and intensity of policy easing." These changes reflect a relatively optimistic growth outlook together with a cautious and calibrated approach to further easing measures, GS adds. (ronnie.harui@wsj.com)

(END) Dow Jones Newswires

June 29, 2025 23:44 ET (03:44 GMT)

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The PBOC also replaced the phrase \"cutting the RRR and policy rate when appropriate\" with \"exercise flexibility in determining the pace and intensity of policy easing.\" These changes reflect a relatively optimistic growth outlook together with a cautious and calibrated approach to further easing measures, GS adds. 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(ronnie.harui@wsj.com) \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  June 29, 2025 23:44 ET (03:44 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LU2471134796.USD","symbol_name":"INVESCO GLOBAL EQUITY INCOME ADVANTAGE \"A\" (USD) INC","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2547693058","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2547693058","pubTimestamp":1751255040,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"0344 GMT - The PBOC adopted a less dovish tone at last week's 2Q monetary policy committee meeting than in 1Q, several members of Goldman Sachs' economic research say in a note. 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The central bank updated its assessment of the Chinese economy to \"showing positive momentum, with sustained recovery in sentiment,\" compared with \"making strides while maintaining stability\" previously. The PBOC also replaced the phrase \"cutting the RRR and policy rate when appropriate\" with \"exercise flexibility in determining the pace and intensity of policy easing.\" These changes reflect a relatively optimistic growth outlook together with a cautious and calibrated approach to further easing measures, GS adds. 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