Datasets:

gtfintechlab
/

peoples_bank_of_china

sentences stringlengths 34 1.04k	stance_label stringclasses 4 values	time_label stringclasses 2 values	certain_label stringclasses 2 values	year int64 2k 2.02k	__index_level_0__ int64 1 999
it will make good use of the existing structural monetary policy tools, and move ahead with the effective implementation of new facilities such as the swap facility for securities, fund and insurance companies, and central bank lending for share buybacks and holdings increase, which shall stabilize the capital market.	dovish	forward looking	certain	2,024	705
while the loan prime rate (lpr) reform continued to unleash its benefits, the monetary policy transmission has become more efficient, and the lending rates have remained stable with a slight decline.	dovish	not forward looking	certain	2,022	921
it is their concensus view that the chinese economy has maintained a stable growth momentum with strong resilience, the overall supply and demand remains broadly balanced, and the swtich to new growth drivers has gathered pace.	neutral	not forward looking	certain	2,018	158
it will remain focused on the main task of deepening the supply-side structural reform, implement the strategy of expanding domestic demand, and continue to ensure stability on six fronts and maintain security in six areas.	dovish	forward looking	certain	2,022	654
the committee held that recovery of the global economy was likely to continue in 2011, although with a lot of unstable factors and uncertainties.	neutral	not forward looking	uncertain	2,010	822
by guiding financial institutions to increase the issuance of medium and long-term (mlt) loans to the manufacturing sector, it will strive to make financial support for private enterprises commensurate with the latter’s contribution to economic and social development.	dovish	forward looking	certain	2,021	43
a mix of monetary policy tools will be employed to keep the money and credit aggregates and the all system financing aggregate at reasonable volumes.	neutral	forward looking	certain	2,012	189
the market-based interest rate reform and the rmb exchange rate regime reform will be furthered to keep the rmb exchange rate basically stable at an adaptive and equilibrium level.	dovish	forward looking	certain	2,013	869
at present, the external environment is becoming increasingly complex and severe as the world economic growth, trade and investment is sluggish, inflation is expected to fall from a high level and interest rates are persistently high in developed countries.	dovish	not forward looking	uncertain	2,023	987
china’s economy has witnessed an on-going recovery and improvement and solid progress in high-quality development, but it still faces challenges such as insufficient effective demand and weak social expectations.	dovish	forward looking	certain	2,024	467
the pbc will also strive to remove obstructions in monetary policy transmission, continue to release the potential of the reform for lowering lending rates, adopt a mix of policies to significantly drive down overall financing costs, encourage financial institutions to enhance support for the real economy, shore up weak links and foster strengths, and ensure that new financing primarily flows to the manufacturing sector and micro, small and medium-sized enterprises (msmes).	dovish	forward looking	certain	2,020	257
the monetary policy committee of the pbc held the 3rdquarterly meeting of 2003 in beijing recently.	irrelevant	not forward looking	certain	2,003	658
in line with the arrangement of the statecouncil, the pbc has closely monitored the economic and financial performance,and curbed the overly rapid growth of money and credit with a mix of variousmonetary policy tools.	hawkish	not forward looking	certain	2,006	754
the pboc will continue its efforts and ride on the momentum to intensify macro adjustments, implement a sound monetary policy in a targeted and effective manner, strengthen both counter-cyclical and inter-temporal adjustments, and give full play to the role of monetary policy instruments in adjusting both the aggregate and the structure.	dovish	forward looking	certain	2,023	632
in their view, china’s economic and financial sectors were developing in a generally stable manner.	neutral	not forward looking	certain	2,012	426
in line with the rules on monetary policy committee of the people's bank of china and with the approval of the state council, presidents of two wholly state-owned commercial banks, liu mingkang, zhang enzhao and wu jinglian will withdraw from the monetary policy committee as their term has expired.	irrelevant	forward looking	certain	2,002	288
the pboc should be highly concerned about marginal changes in price trends to keep prices basically stable.	hawkish	forward looking	certain	2,023	70
in addition, it will focus on expanding domestic demand and boosting confidence so as to expedite a virtuous circle of the economy.	dovish	forward looking	certain	2,023	167
it will smooth the transmission mechanism of the monetary policy, keep liquidity adequate at a reasonable level, and stabilize the aggregate credit growth, so as to ensure that the growth of money supply and the aggregate financing to the real economy (afre) are generally in line with the nominal gdp growth.	dovish	forward looking	certain	2,022	102
the pbc will build the system and mechanism needed to provide effective financial support for the real economy and improve the system for providing financial support for innovation.	dovish	forward looking	certain	2,022	250
the attendees has analyzed the domestic and international economic and financial situation.	irrelevant	not forward looking	certain	2,019	832
the pbc will work to improve the market-based mechanism of interest rate formation and transmission and the central bank policy rate system.	dovish	forward looking	certain	2,021	916
the trend of faster than desiredincrease of money and credit had been preliminarily reined in, and theperformance of financial industry remained stable.	hawkish	not forward looking	certain	2,003	763
the monetary policy committee of the people’s bank of china (pbc) held the first quarterly meeting of 2022 (its 96th meeting) in beijing recently.	irrelevant	not forward looking	certain	2,022	84
it was pointed out at the meeting that the external environment is becoming increasingly complex amid sluggish economic growth worldwide, elevated inflation, and persistent geopolitical conflicts.	hawkish	forward looking	certain	2,022	295
it was stressed at the meeting that under the guidance of xi jinping thought on socialism with chinese characteristics for a new era, the pboc will fully implement the guidelines of the 20th national congress of the communist party of china (cpc), the central economic work conference and the central financial work conference, as well as the decisions and arrangements made by the cpc central committee and the state council.	neutral	forward looking	certain	2,023	125
the pboc will guide the sound and well-regulated development of the financial business of platform enterprises and improve the regular supervision on their financial activities.	neutral	forward looking	certain	2,023	845
it will enhance the guiding role of government investment and policy incentives to effectively stimulate private investment.	dovish	forward looking	certain	2,023	191
coordination and cooperation between monetary policy and other policies including fiscal, industrial, trade and financial regulatory policies shall be improved, and the forward-looking nature of the monetary policies be enhanced to maintain stable and relatively rapid economic development.	dovish	forward looking	certain	2,009	617
it was agreed that since the beginning of 2021, china has coordinated pandemic containment and economic and social development, effectively implemented macroeconomic policies, and thus sustained overall economic recovery.	dovish	not forward looking	certain	2,021	64
we will guide financial institutions to issue more medium and long-term (mlt) loans to the manufacturing sector and support accelerating the development of a modern industrial system, in a bid to provide private enterprises with financial support that is commensurate with their contribution to economic and social development.	dovish	forward looking	certain	2,023	709
following the guidance of the communistparty of china’s central committee and the state council, the pbc strengthenedfinancial macro control to preserve balances at aggregate level.	hawkish	forward looking	certain	2,008	247
the monetary policy committee of the people’s bank of china (pbc) held the fourth quarterly meeting of 2021 (its 95th meeting) on december 24 in beijing.	irrelevant	not forward looking	certain	2,021	434
the rmb exchange rate is generally stable and becomes more flexible in two-way fluctuations and more resilient against external shocks.	neutral	not forward looking	certain	2,019	362
the monetary policy committee of the pbc held the 3rdquarterly meeting of 2005 in beijing days ago.	irrelevant	not forward looking	certain	2,005	215
it was agreed thatthe chinese economy has run smoothly and continued to develop towards theexpected targets of macro control.	neutral	forward looking	certain	2,004	879
the pbc will give more support to banks in replenishing capital so that banks will be more capable of serving the real economy and forestalling and defusing financial risks.	dovish	forward looking	certain	2,021	985
appropriatemeasures should be taken to improve coordination of the monetary policy with fiscalpolicy, industrial policy, trade policy and financial regulatory policy,actively expand domestic consumption demand, manage the growth of fixed assetinvestment at appropriate level and optimize the investment structure.meanwhile, efforts should be made to accelerate economic restructuring as wellas the transformation of economic growth pattern, improve growth quality andefficiency, and promote a basic equilibrium of the balance of payments.	dovish	forward looking	certain	2,007	652
it was pointed out at the meeting that it is essential to follow up the world’s economic and financial developments, enhance the judgment and analysis of international economic situations, strengthen the coordination of international macroeconomic policies and concentrate on running our own affairs well.	neutral	forward looking	certain	2,020	316
we will give full play to the important role of the market-oriented adjustment mechanism for deposit rates, unleash the benefits of the lpr reform and bring into play its guiding role , so as to steadily bring down the overall financing costs for businesses and the costs for consumer loans.	dovish	forward looking	certain	2,023	489
we will further strengthen policy coordination among departments, unleash the benefits of monetary and credit policies, balance internal and external equilibria, and coordinate financial support for the real economy and risk prevention, all of which will build a modern socialist country in all respects off to a good start.	dovish	forward looking	certain	2,023	89
and in line with the principle of differentiated treatment to different sectors, the pbc will vigorously guide and promote credit structure optimization, step up financial support to key areas and weak links in the economy, guide financial institutions to improve their financial services so as to better serve the real sector.	dovish	forward looking	certain	2,011	977
it was emphasized at the meeting that pbc will, following xi jinping’s thought on socialism with chinese characteristics for a new era on economic work, earnestly implement the principles of the 19th national congress of the communist party of china (cpc) and the government work report and adhere to the principle of pursuing progress while ensuring stability.	neutral	forward looking	certain	2,018	199
measures should be taken to promote institutional building of the financial market, encourage innovation ofnew financial products and instruments and develop financial derivatives.	dovish	forward looking	certain	2,005	277
the pbc has continued to implement the sound monetary policy while the commercial banks gradually established and improved their incentive and restraint mechanisms to promote loan marketing, resulting in acceleration of the growth of monetary credit and strengthening of financial support to economic development.	dovish	not forward looking	certain	2,002	878
the growthof money and credit shall be properly controlled and credit structure furtheroptimized.	hawkish	forward looking	certain	2,007	789
it wasstressed that the sound monetary policy should be continued and theforward-looking, scientific and effective approach to macro financialmanagement further strengthened.	dovish	forward looking	certain	2,004	408
in addition, the pboc will ensure the implementation of the city-specific housing credit policy to meet the rigid demand for housing and the needs to improve living conditions, follow the mechanism that allows dynamic adjustments to first-home mortgage rate policies, lower the ratio of down payment and the floor on second-home mortgage rates, urge the reduction of the interest rates on existing first-home mortgage loans, and increase financial support for public infrastructure development for both normal and emergency uses, urban village renovation and government-subsidized housing construction, thus facilitating the establishment of a new development model for the real estate sector and promoting the stable and healthy development of the real estate market.	dovish	forward looking	certain	2,023	865
based on the new development stage, the pbc will apply the new development philosophy and build the new development paradigm.	neutral	forward looking	certain	2,021	148
improvement of themanaged floating exchange rate regime should be effected, continuouslyfollowing the principle of “ making it a self-initiated, controllable and gradualprocess”.	dovish	forward looking	certain	2,008	894
the meeting pointed out that the economy performed stable in the first quarter by keeping the sustained and rapid development momentum.	hawkish	not forward looking	certain	2,002	37
it was noted at the meeting that efforts should made to implement the prudent monetary policy, make the financial measures more targeted, flexible and effective, and give more priority to stabilizing the general price level in 2011.	hawkish	not forward looking	certain	2,010	776
the monetary policy committee of the people’s bank of china (pbc) held the second quarterly meeting of 2021 (its 93rd meeting) on june 25 in beijing.	irrelevant	not forward looking	certain	2,021	380
the pboc will also make significant efforts in the areas of sci-tech finance, green finance, inclusive finance, pension finance and digital finance, make good use of the existing structural monetary policy tools, ensure effective use of the central bank lending and discount quotas, continuously increase support for inclusive finance, green transition, sci-tech innovation, digital economy and infrastructure construction, and adopt a mix of policies to support coordinated regional development.	dovish	forward looking	certain	2,023	851
it was emphasized at the meeting that the decisions and resolutions adopted at the 18th cpc national congress, 3rd plenum of the 18th cpc central committee and central economic work conference will be earnestly implemented.	irrelevant	not forward looking	certain	2,014	697
further studies will be conducted on establishing a macro-prudential regulatory system to prevent and mitigate potential systemic risks.	neutral	forward looking	certain	2,010	814
the pboc will make great efforts in the areas of technology finance, green finance, inclusive finance, old-age finance, and digital finance, and continue to intensify support for major national strategies, key fields, and weak links, thus accelerating the development of new quality productive forces, and better satisfying reasonable demand for consumption and financing in a targeted manner.	dovish	forward looking	certain	2,024	904
the pbc will intensify the effects of structural monetary policy tools to provide targeted support for the economy.	dovish	forward looking	certain	2,022	252
the pbc will ensure stability on six fronts, namely, employment, the financial sector, foreign trade, foreign investment, domestic investment and expectations, and maintain security in six areas, namely, employment, the people’s basic livelihood, the operations of market entities, food and energy, stable industrial and supply chains, as well as the normal functioning of primary-level governments.	neutral	forward looking	certain	2,021	929
the international economic and financial situation has become more complex, and external uncertainties and destabilizing factors are adding up.	dovish	not forward looking	uncertain	2,019	611
it will work to make financial support for private enterprises commensurate with the latter’s contribution to economic and social development, and improve the green finance system for peaking carbon emissions and achieving carbon neutrality.	dovish	forward looking	certain	2,022	500
the committeeconducted in-depth analysis of the current situation and challenges facing theimplementation of the appropriately tight monetary policy, assessed relevantrisks in the process of global economic rebalancing and analyzed structural andunderlining factors affecting inflation trend.	hawkish	not forward looking	certain	2,007	163
the market-based interest rate reform and rmb exchange rate regime reform will be furthered to keep the rmb exchange rate basically stable at an adaptive and equilibrium level.	neutral	forward looking	certain	2,014	280
the attendees analyzed the economic and financial developments both at home and abroad.	irrelevant	not forward looking	certain	2,020	942
it will press ahead with financial reform and innovation, strengthen risk management, and make financial institutions more resilient.	dovish	forward looking	certain	2,009	596
it is emphasized by the attendees that the pbc will follow the guidance of xi jinping’s thought on socialism with chinese characteristics for a new era, earnestly implement the guidelines of the fourth plenary session of the 19th national congress of the communist party of china (cpc) and the central economic work conference, continue acting in accordance with the decisions and arrangements of the cpc central committee and the state council, uphold the underlying principle of pursuing progress while ensuring stability, properly and soundly manage the intensity of countercyclical adjustments of macro policies, strengthen its efforts to invigorate micro entities, and fully maintain stability in employment, the financial sector, foreign trade, foreign and domestic investments, and expectations.	irrelevant	not forward looking	certain	2,019	604
based on the requirements in deepening supply-side structural reform, efforts will be made to guide improvements in financing and credit structures, to enable private enterprises to get financial support that matches their contributions to the economic and social development, to enhance the financial sector’s capacity to serve the real economy, and to nurture a virtuous circle of economic and financial development.	dovish	forward looking	certain	2,018	217
tools such as central bank lending and discount, and monetary policy tools providing direct support for the real economy will play a guiding role.	irrelevant	forward looking	certain	2,021	395
continued efforts would be made to improve the internal governance structure of commercial banks.	irrelevant	forward looking	certain	2,010	997
it was unanimously agreed that rmb interest rates should be maintained stable in the near term considering current domestic and international economic developments.	neutral	forward looking	certain	2,002	475
the pbc will improve the market-oriented interest rate formation and transmission mechanism, optimize the central bank policy rate system, reinforce the regulation over deposit rates, stabilize banks’ liability costs, unleash the benefits of the lpr reform, and thus reduce the overall financing costs for businesses.	dovish	forward looking	certain	2,022	203
the meeting further pointed out that facing with the favorable recovery of global economy and domestic demands, the sound monetary policy should be continued through flexible use of a broad mix of monetary policy instruments to increase money supply and strengthen financial support to economic development.	dovish	forward looking	certain	2,002	850
efforts should be madeto fully implement the scientific development approach by improving andcarrying out each macroeconomic policy and continuously strengtheningmacroeconomic management to prevent a shift from a relatively fast growth to aneconomic overheating and ensure a sound and rapid development of the chineseeconomy.	hawkish	forward looking	certain	2,007	963
it was noted that the chinese economy had maintained rapid growth momentum during the first half of this year with steady improvement of both domestic and external demands.	dovish	not forward looking	certain	2,002	982
it will deepen the supply-side structural reform of the financial sector, by guiding large-sized banks to shift the focus of their services to the communities, encouraging small and medium-sized banks to focus on their main duties and major businesses, and giving more support to banks in capital replenishment.	dovish	forward looking	certain	2,022	445
in order to cope with the impacts brought about by the crisis and promote the stable and relatively rapid economic development in china, the government adjusted the direction of macroeconomic policy in a timely manner and took a series of policy measures to stimulate domestic demand.	dovish	not forward looking	certain	2,009	507
it was noted that the chinese economy has maintainedgood growth momentum since the beginning of the year.	neutral	not forward looking	certain	2,004	645
the monetarypolicy committee of the pbc held the 2nd quarterly meeting of 2006in beijing days ago.	irrelevant	not forward looking	certain	2,006	196
a mix of monetary policy tools will be used and innovated to keep liquidity adequate at a reasonable level.	neutral	forward looking	certain	2,020	708
it was agreed that since the beginning of 2023, the pboc has sought progress while giving top priority to stability and promoted the overall improvement of economic operation.	dovish	not forward looking	certain	2,023	785
the committee discussed monetary policy and measuresto be adopted in the period ahead and concurred that the sound monetary policyshould be preserved, interest rates of deposits and loans be maintained stableto ensure steady advancement of market-based interest rate reform.	neutral	forward looking	certain	2,003	423
the monetarypolicy committee of the people’s bank of china (pbc) held its first quarterlymeeting of 2006 in beijing days ago.	irrelevant	not forward looking	certain	2,006	683
in the coming period, continued effortsshould be made to maintain the continuity and stability of macroeconomicpolicies, consolidate the macro management effects, strengthen policycoordination, actively boost domestic consumer demand, optimize investment structure,and promote the appropriate growth of investment.	dovish	forward looking	certain	2,006	415
a mix of monetary policy tools will be employed to keep the money and credit aggregate and the all-system financing aggregate at reasonable volumes.	neutral	forward looking	certain	2,012	895
it was agreed that remarkable results have been achieved in coordinating pandemic containment and economic and social development since the beginning of this year, and the chinese economy has gradually returned to normal.	neutral	not forward looking	certain	2,020	693
in the coming periods, close attention should bepaid to the impact of the us subprime mortgages market turbulence onthe international financial market and its potential impact on the chineseeconomy.	neutral	forward looking	uncertain	2,007	993
the monetarypolicy committee of the pbc held its fourth quarterly meeting in 2006 in beijing recently.	irrelevant	not forward looking	certain	2,006	781
upholding the two unswerving commitments, the pboc will employ an optimal combination of macro policies, demand expansion, reform and innovation, as well as risk forestalling and defusing.	neutral	forward looking	certain	2,023	400
we will accelerate the improvement of the financial policy system for rental housing, and promote the smooth transition of the real estate sector to a new development mode.	dovish	forward looking	certain	2,023	132
with financial risks effectively managed, the quality and efficiency of the financial sector serving the real economy have been gradually improved.	dovish	not forward looking	certain	2,020	55
the pbc will build the system and mechanism needed to provide effective financial support for the real economy, improve the system for providing financial support for innovation, and guide financial institutions to issue more medium and long-term (mlt) loans to the manufacturing sector.	dovish	forward looking	certain	2,022	981
the pboc will keep liquidity adequate at a reasonable level, guide reasonable growth and balanced supply of credit, and ensure that the aggregate financing to the real economy (afre) and the money supply are in line with the economic growth and the expected price level, so as to keep prices at a reasonable level.	dovish	forward looking	certain	2,024	847
it will optimize consumer financial services in the areas of bulk consumer goods and social services, and continue to enhance financial support for enterprises to retain and recruit employees and for key groups to seek jobs or start businesses.	dovish	forward looking	certain	2,023	193
by pursuing a sound monetary policy that is flexible and appropriate and maintaining its continuity, stability and sustainability, we have scientifically managed market expectations, made great efforts to serve the real economy and effectively prevented financial risks.	dovish	not forward looking	certain	2,022	696
broadly speaking, thefinancial sector performance was stable.	neutral	not forward looking	certain	2,006	431
while ensuring continuity and stability at aggregate level, preemptive andfine-tuning measures should be strengthened.	hawkish	forward looking	certain	2,005	620
several days ago, the monetary policy committee of the people’s bank of china held its 3rd regular quarterly meeting in 2013 in beijing.	irrelevant	not forward looking	certain	2,013	660
the monetarypolicy committee of the people’s bank of china (pbc) held its second quarterlymeeting of 2007 in beijing days ago.	irrelevant	not forward looking	certain	2,007	388
it was also emphasized that greater financial support will be extended to shifting growth pattern and restructuring the economy.	dovish	forward looking	certain	2,010	177
the rmb exchange rate has moved in both directions with stabilizing expectations and remained basically stable at an adaptive and equilibrium level.	neutral	not forward looking	certain	2,024	859

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Dataset Summary

For dataset summary, please refer to https://huggingface.co/datasets/gtfintechlab/peoples_bank_of_china

Additional Information

This dataset is annotated across three different tasks: Stance Detection, Temporal Classification, and Uncertainty Estimation. The tasks have four, two, and two unique labels, respectively. This dataset contains 1,000 sentences taken from the meeting minutes of the People's Bank of China.

Label Interpretation

Stance Detection

Hawkish: The sentence supports contractionary monetary policy.
Dovish: The sentence supports expansionary monetary policy.
Neutral: The sentence contains neither hawkish or dovish sentiment, or both hawkish and dovish sentiment.
Irrelevant: The sentence is not related to monetary policy.

Temporal Classification

Forward-looking: The sentence discusses future economic events or decisions.
Not Forward-looking: The sentence discusses past or current economic events or decisions.

Uncertainty Estimation

Certain: Indicates that the sentence presents information definitively.
Uncertain: Indicates that the sentence presents information with speculation, possibility, or doubt.

Licensing Information

The peoples_bank_of_china dataset is licensed under the Creative Commons Attribution-NonCommercial-ShareAlike 4.0 International. More information in the paper.

Citation Information

@article{WCBShahSukhaniPardawala,
  title={Words That Unite The World: A Unified Framework for Deciphering Global Central Bank Communications},
  author={Agam Shah, Siddhant Sukhani, Huzaifa Pardawala et al.},
  year={2025}
}