Chinese monetary policy impacts region

The People's Bank of China's rate moves impact economic growth and inflation in a number of east Asian economies, research published by the Bank of Finland finds.

The results of the research indicate that a monetary expansion in mainland China leads to a temporary increase in real GDP and a permanent rise in the price level in a number of economies, most notably Hong Kong and the Philippines.

The research investigates the impact of Chinese monetary policy shocks on six economies in the region

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