People’s Bank Of China

The State Council said in a statement Wednesday that monetary tools "such as a RRR cut" will be used "in a timely and appropriate manner" to maintain reasonably ample liquidity

Updated On: 24 Nov 2022 | 12:05 PM IST

The cash cushion could boost market sentiment dented by Beijing's adherence to its Covid Zero policy and the crippling slump in the housing market

Updated On: 14 Oct 2022 | 7:30 AM IST

The People's Bank of China has already stepped up its currency defense, but it did little to stop the depreciation.

Updated On: 27 Sep 2022 | 8:57 AM IST

The currency dived as much as 4.85 per cent to an unprecedented $1.0327, extending a 3.61 per cent dive from Friday, when finance minister Kwasi Kwarteng unleashed historic tax cuts

Updated On: 26 Sep 2022 | 9:52 PM IST

The consumer price index rose 2.5% from a year earlier, the National Bureau of Statistics said Friday, down from 2.7% gain in July

Updated On: 09 Sep 2022 | 9:42 AM IST

Financial institutions will need to hold 6% of their foreign-currency deposits in reserves starting from Sept. 15, the PBOC said in a statement on Monday-- lower than the current level of 8%

Updated On: 05 Sep 2022 | 4:01 PM IST

Some state-owned Chinese banks are extending loans to companies and then allowing them to deposit funds at the same interest rate

Updated On: 23 Aug 2022 | 8:26 AM IST

The People's Bank of China (PBOC) lowered the five-year loan prime rate (LPR) by 1.5 percentage points, which matches its biggest cut on record, the BBC reported.

Updated On: 22 Aug 2022 | 4:41 PM IST

China's economy unexpectedly slowed in July, with growth in industrial output, fixed-asset investment, total social financing and new yuan loans slowing

Updated On: 15 Aug 2022 | 7:09 PM IST

The U.S. dollar index against six peers rose 0.6% to 106.3, consolidating near the middle of its range this month. The euro eased 0.6% against the dollar to $1.0191, after touching a one-week low.

Updated On: 15 Aug 2022 | 5:18 PM IST

There is merit in carefully examining the recent developments in China's sovereign digital currency space and participating in it if India's interests are served

Updated On: 19 Jul 2022 | 11:08 PM IST

The People's Bank of China intends to accept Ant's application to become a financial holding company once it's submitted

Updated On: 23 Jun 2022 | 1:35 AM IST

The PBOC previously raised the FX reserve ratio for financial institutions by 200 basis points in December 2021, to rein in a rising yuan and make it more expensive for banks to hold dollars

Updated On: 25 Apr 2022 | 11:15 PM IST

Last month, the People's Bank of China (PBOC) extended a bilateral currency swap pact with Bank Indonesia for three years to deepen financial cooperation and promote investment

Updated On: 16 Feb 2022 | 11:32 AM IST

'Therefore Sino-US monetary policy divergence will likely become greater,' Guan Tao, global chief economist at BOC International said

Updated On: 16 Feb 2022 | 10:00 AM IST

The People's Bank of China will reduce the reserve requirement ratio by 0.5 percentage point for all banks except those that are already on the lowest level of 5%, according to a statement

Updated On: 06 Dec 2021 | 3:16 PM IST

Chinese authorities are urging Evergrande to step up asset disposals and the resumption of projects, Zou Lan, head of financial markets at the People's Bank of China (PBoC), told a briefing

Updated On: 16 Oct 2021 | 2:09 AM IST

Extended and severe economic slowdown seems probable, say economists

Updated On: 17 Sep 2021 | 11:02 PM IST

The People's Bank of China will keep monetary policy stable with a good cross-cyclical design and will support high-quality economic expansion with "appropriate money growth," according to a statement

Updated On: 25 Aug 2021 | 2:06 AM IST

Chinese authorities have started to evaluate systemically important banks this year by measuring assets of the nation's 30 largest lenders.

Updated On: 02 Apr 2021 | 10:09 PM IST