China central bank releases slate of support measures amid a …
Sep 24, 2024 · BEIJING — China will cut the amount of cash banks need to have on hand, known as the reserve requirement ratio or RRR, by 50 basis points, People’s Bank of China Gov. Pan Gongsheng said during a...
China's central bank unveils most aggressive stimulus since …
Sep 25, 2024 · PBOC to cut rates, RRR and provide more property market support; China facing deflationary pressures, growth target at risk; Analysts say more fiscal stimulus needed to restore confidence
China cuts several major interest rates to support fragile economy
Jul 22, 2024 · The People's Bank of China (PBOC) said on Monday it would cut the seven-day reverse repo rate to 1.7% from 1.8%, and would also improve the mechanism of open market operations.
China's PBOC announces RRR cut as it seeks to boost growth
Jan 24, 2024 · The PBOC also said Wednesday there’s room for further monetary policy easing. Reducing the reserve requirements that banks must maintain will increase the capacity for lenders to extend loans and...
China's PBOC governor says there's room to cut banks' RRR
Mar 6, 2024 · The PBOC last cut reserve ratio requirements for banks by 50 basis points from Feb. 5, which provided 1 trillion yuan ($139.8 billion) in long-term capital. It was a much larger cut than analysts...
China cuts benchmark loan prime rates by 25 basis points
19 hours ago · The one-year loan prime rate (LPR) was lowered by 25 basis points to 3.10 from 3.35 per cent, while the five-year LPR was cut by the same margin to 3.6 per cent from 3.85 per cent previously. The ...
China central bank unexpectedly cuts rates to support sputtering ...
Aug 15, 2023 · The People's Bank of China (PBOC) said it lowered the rate on 401 billion yuan ($55.25 billion) worth of one-year medium-term lending facility (MLF) loans to some financial institutions by 15 ...
China Surprises With Interest Rate Cut After Xi’s Big Meeting ...
Jul 22, 2024 · The People’s Bank of China on Monday cut the seven-day reverse repo rate, a key short-term policy rate, in the first reduction in almost a year. Chinese banks followed the move about an hour ...
Xi’s Mystery PBOC Plans Surface With Biggest Shift in Years
Jun 20, 2024 · Xi’s Mystery PBOC Plans Surface With Biggest Shift in Years. Central bank bond trading plan traces back to Xi’s comment. PBOC governor hints at refinement to interest rate framework. By ...
Chinese government bonds are on fire. That’s ringing alarms ... - CNN
Jul 3, 2024 · The People’s Bank of China (PBOC) has issued over 10 separate warnings since April about the risk that a bond bubble could burst, destabilizing financial markets and derailing the...