Publications

Here are all of our publications listed chronologically. You can also find the publications relating to single geography under “Publications by geography” or narrow down your search using the “Advanced filter”.

Latest publications on PBoC

China Economic Outlook. March 2024

7 March 2024

We summarized the recent Chinese economic development as well as policy outlook in 2024. We also highlight the March 2024 "Two sessions".

China | The PBoC cut 5-year loan prime rate to support housing market and growth

20 February 2024

The PBoC unexpectedly cut the 5-year loan prime rate by the largest amount today while maintaining the one-year loan prime rate which is deemed to be the policy rate unchanged.

China | 2023 RMB Exchange Rate Outlook

11 July 2023

RMB to USD exchange rate has cumulatively depreciated by 8% in 2023, amid expectation change of the US FED hike path. Look forward, we predict RMB to go back to around 7-7.1 at end-2023 and 6.7 at end-2024.

China Economic Outlook. March 2023

17 March 2023

2023 will be the “Year of China” after the authorities lifted “zero Covid” policy amid the global economic slowdown. How to rebuild market confidence and repair the household and enterprises’ balance sheets become the main challenges in the post-pandemic era.

China Economic Outlook. Third Quarter 2021

20 July 2021

Q2 growth momentum moderated but with a more balanced structure. 2H 2021 policy will remain neutral but accommodative with "no sharp turnaround" to be either aggressive easing or tightening.

China | July PMIs depict mixed picture, PBoC to implement more monetary easing

1 August 2016

China’s official factory gauge contracted in July after expanding for four consecutive months, missing economist expectations. Accommodative monetary as well as fiscal policy stances will be necessary in order to prop up domestic demand in the interim.

China | PBoC announces launch of new macro-prudential assessment system to curb risks

30 December 2015

The People’s Bank of China (PBoC) announced that it would introduce a new mechanism to address risks in the financial system, starting from 2016. The new Macro-Prudential Assessment System (MPA) will enable the PBoC to evaluate a broader range of credit products, in turn strengthening the PBoC's supervision of the entire financial system.

The PBoC’s next steps

4 September 2014

The People's Bank of China (PBoC) will deploy more monetary policy loosening in order to sustain economic growth within the target zone. Targeted unconventional policy tools will feature more prominently through the rest of the year, together with a number of conventional policy tools. In this Watch, we take stock of the different options available to the PBoC as well as their relative advantages and disadvantages.

Individual publications may only be downloaded for technical reasons to allow a more complete, rigorous and individual reading of the publications. In this regard, only a brief summary, mention or reference to the publications is permitted and only when all the following conditions are met: (i) it is not for commercial purposes (not even indirect commercial use, e.g. to attract advertising to your website); (ii) a statement is included that BBVA Research is the author and owner; and (iii) a precise and complete link to the URL where the publication is available is included on this website. +info