The Straits Times
Published on Dec 18, 2012

China bankers see easing ahead, central bank's Q4 survey shows


BEIJING (REUTERS) - China's current monetary policy is appropriate, but a growing number of bankers expect some easing to spur the economy, while consumers see inflation on the rise, a quarterly survey by the People's Bank of China (PBOC) published on Tuesday showed.

The PBOC's fourth quarter survey said 75 per cent of bankers who responded see current monetary policy settings as appropriate, up 2.5 percentage points from Q3.

The proportion of bankers expecting policy to ease in Q1 2013 was 19.8 per cent, up sharply from 5.9 per cent expecting a rise in Q4 2012.

The survey also showed consumer inflation expectations are rising compared to last quarter. The survey also found that 66.6 per cent of respondents said home prices were unacceptably high.