China’s Central Bank Nods to Outside Forces Hindering Easing

China’s central bank said it will give weight to economic factors abroad and tweak its policy if necessary, a recognition of external constraints on monetary easing as the yuan remains under pressure to depreciate.

The People’s Bank of China will “choose the opportunity to adjust and optimize the intensity and pace of policies based on domestic and foreign economic and financial conditions,” it said in a quarterly monetary policy report published Thursday. The publication provides a rare glimpse into the PBOC’s outlook and policy plans.