PBoC signals easing as economic growth slows

Currency strategy: The PBoC says it will enhance expectation management on yuan’s exchange rate, guide small businesses to better manage risks and develop the offshore yuan market. — AP

BEIJING: China’s central bank signalled 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 (PBoC) removed a few key phrases cited in previous reports in its policy outlook, including sticking with “normal monetary policy.”