A new survey from the Chinese central bank has found that the majority of banking sector professionals in China view current monetary policy settings as moderate.
70.5% of bankers in China consider the country’s monetary policy to be “moderate,” for a decline of 14.0 percentage points compared to the preceding quarter, according to the 2022 Q1 Bankers Survey Report (2022年第一季度银行家问卷调查报告) released by PBOC on 30 March.
The “monetary policy sentiment forecast index” for the next quarter was 64.7%, for a rise of 1.9 percentage points compared to the current quarter.
The “banker macro-economic heat index” was 34.4%, for a decline of 0.9 percentage points compared to the preceding quarter, while the “banking sector outlook index” was 72.1%, for a rise of 1.8 percentage points compared to the previous quarter, and a decline of 0.1 percentage points compared to the same period last year.
The “bank profit index” was 65.4%, for a rise of 0.6 percentage points compared to the previous quarter, and a decline of 0.8 percentage points compared to the same period last year.
