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People’s Bank Of China

China to ramp up monetary stimulus as growth outlook darkens amid lockdown

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

China halting cash drainage for Party Congress; may boost market sentiment

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

As yuan nears lowest level in 14 yrs, traders brace for more PBOC pushback

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

Sterling tumbles nearly 5% to all-time low on tax reforms, shows data

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

China's consumer inflation moderates in Aug as lockdowns suppress spending

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

China cuts forex reserve requirement ratio in bid to support tumbling yuan

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

Chinese banks inflating loan numbers amid struggle to meet govt demands

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

China central bank cuts mortgage rate to support crisis-hit property market

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

Disappointing China economic data sparks industrial metals' sell-off

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

Dollar jumps on safety flows after China data, yuan slips on rate cut

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

Understanding the e-yuan initiative

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

Jack Ma's Ant Group set to apply for China finance licence this month

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

China cuts banks foreign reserve requirement ratio to support yuan

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

China to work with Asian nations to grow use of local currencies in trade

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

China-US monetary policy divergence aids yuan stability: Ex-regulator

'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

China central bank cuts reserve requirement ratio as economy slows

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

Evergrande debt woes are 'manageable', says People's Bank of China

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

China pumps in $14-billion cash as Evergrande's pain roils markets

Extended and severe economic slowdown seems probable, say economists

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

China's central bank vows to boost credit support, stabilise money growth

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

China's financial regulators draft tougher rules for too-big-to-fail banks

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