April 28, 2020 / 10:17 AM / a month ago

Nearly half of bankers in central bank survey say China monetary policy loose in Q1

FILE PHOTO: A woman wearing a mask walks past the headquarters of the People's Bank of China, the central bank, in Beijing, China, as the country is hit by an outbreak of the new coronavirus, February 3, 2020. REUTERS/Jason Lee/File Photo

BEIJING (Reuters) - Nearly half of bankers in a Chinese central bank survey said that monetary policy for the January-March quarter was loose, according to results published by the People’s Bank of China (PBOC) on Tuesday.

Results showed 47.3% of the respondents considered monetary policy to be loose in the first quarter, compared with just 15% in the previous survey published in December.

Another survey by the PBOC showed that 23% of households believe housing prices will rise, dropping from 26.5% of households in previous survey.

Reporting by Judy Hua, Roxanne Liu, Lusha Zhang and Kevin Yao; Editing by Louise Heavens

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