Stance over time
Each dot is one speech or statement by the PBoC, scored from dovish to hawkish; the line is the trailing 30-day average. Hover a dot for the date and speaker.
Recent speeches and statements
- 16 Oct 2026 · SpeechPan Gongsheng
Global imbalances cannot be resolved through exchange rate adjustments; China will continue to expand domestic demand and deepen China-EU financial cooperation.
global imbalancesfxinternational cooperationGovernor Pan Meets with European Commissioner for Economy and Productivity Valdis Dombrovskis, ECB President Christine Lagarde, Eurogroup President Kyriakos Pierrakakis and Governors of Some European ... → - 16 Oct 2026 · SpeechPan Gongsheng
The PBOC will further support global investors and issuers in accessing China's financial markets and promote wider use of RMB bonds as eligible collateral.
financial openingrmb internationalisationbond marketPBOC Governor Pan Gongsheng Attends the Emerging Markets Conference → - 15 Oct 2026 · SpeechDovish -1.0Pan Gongsheng
The PBOC will continue to implement an appropriately accommodative monetary policy to support steady growth and smooth financial market operation.
monetary policyglobal imbalancesfinancial regulationgeopoliticsGovernor Pan Gongsheng Attended G20 Finance Ministers and Central Bank Governors Meeting → - 8 Oct 2026 · StatementPeople's Bank of China
The PBOC neither targets a specific RMB level nor its longer-term trajectory, but will use macroprudential tools or, in extreme cases, intervention to prevent disruptive short-term overshooting, especially sharp depreciation.
fxexchange rate regimeglobal imbalancestradePBOC's View on the RMB Exchange Rate → - 29 Sep 2026 · StatementDovish -1.5People's Bank of China
The PBOC will continue to make comprehensive use of multiple monetary policy tools, keep liquidity ample, and guide and keep interest rates at appropriate levels to serve high-quality development of the real economy.
psl rate cutrelending facilitiessci-tech innovationsmall businessesliquidityPBOC Adjusts and Improves Several Monetary Policy Tools → - 21 Sep 2026 · SpeechDovish -0.5Pan Gongsheng
The PBOC will implement an appropriately accommodative monetary policy to support steady economic growth and smooth financial market operation.
monetary policyfinancial opening-uprmb internationalisationPBOC Holds Meeting with Foreign Financial Institutions → - 7 Jul 2026 · SpeechPan Gongsheng
The PBOC will raise the Southbound Bond Connect annual net quota from RMB500bn to RMB800bn, back raising the HKMA's RMB Business Facility from RMB200bn to RMB500bn with tenors up to three years, and support launch of 5-year offshore RMB government bond futures in Hong Kong soon.
offshore rmbbond connecthong kong financial centrermb internationalizationliquidity facilitiesPan Gongsheng: Speech - Hong Kong FIC and Bond Connect Summit →
Other central banks
How this page is made
We collect what central banks and multilateral institutions publish: rate decisions, meeting minutes, officials’ speeches and staff projections. AI reads each document and records who is speaking, whether they vote on policy, the forward guidance, any decision taken and any forecasts.
Stance is scored from strongly dovish (−2) to strongly hawkish (+2): above +0.2 reads as hawkish, below −0.2 as dovish, in between as neutral. It is an interpretation of the wording, not an official classification. Figures are as stated in the source document; always check the original, linked from every entry.