Newspaper icon
The latest issue of Financial Standard now available as an e-newspaper
READ NOW

Search Results

Showing 1 - 10 of 22 results for "Peoples' Bank of China"

China's art of currency war

BENJAMIN ONG  |  TUESDAY, 18 MAR 2014
... doubling the renminbi's trading band against the US dollar to 2.0% yesterday (from 1%) on either side of the Peoples Bank of China's (PBOC) daily reference rate fixing. According to the PBOC, this is in line with the government's move towards a market-determined ...

Maybe slowing, definitely distorted, more likely rebalancing

BENJAMIN ONG  |  TUESDAY, 11 MAR 2014
Ayy-yay-yay-yay-yay! Here we go again. Weak economic reports out of China have again put a question mark about its economy and by extension, the economy of the world. Oh sowee Virginia, I stand corrected... it wasn't a question mark, China's headed ...

No guarantee

BENJAMIN ONG  |  MONDAY, 10 MAR 2014
... starts considering a change in the reduction of its monthly asset purchases. What's changing though is the Peoples Bank of China's (PBOC) thinking - nay, it's all as planned. Recall how it took away free yuan lunches? When it allowed the yuan to fall ...

Catching the big wave

BENJAMIN ONG  |  THURSDAY, 27 FEB 2014
... speculators might be thinking just that - shorting the Chinese yuan versus the greenback - from here on after the Peoples Bank of China (PBOC) allowed the country's legal tender to fall by nearly 0.5% in a single day - seems small but it was the biggest ...

China's turn to provide buy opportunities

BENJAMIN ONG  |  TUESDAY, 5 MAR 2013
... And should the economy slow by more than targeted, China's benign consumer price inflation provides the Peoples Bank of China (PBOC) plenty of scope for accommodation. Inflation eased to 2.0% in January from 2.5% in the previous month, half the government's ...

Spanish austerity and Chinese take-away

BENJAMIN ONG  |  FRIDAY, 28 SEP 2012
... and money flows, there's good news in that other economy investors continue to worry about - China. The Peoples Bank of China (PBOC) is keeping the money flowing. It injected a net 365 billion yuan (or around US$58 billion) into the money markets this ...

Believe

BENJAMIN ONG  |  FRIDAY, 27 JUL 2012
... this before Draghi did... but I got ignored (sob, sob, sob). Last 6 July following the Bank of England, the Peoples Bank of China and the European Xentral Bank's stimulation spree, I ventured that, "these latest round of policy initiatives - and last ...

Wen's visible hand

BENJAMIN ONG  |  MONDAY, 16 JUL 2012
... yuan in May, up from 681.8 in April and up 45.1% from the same month last year. And this, even before the Peoples Bank of China's (PBOC) back-to back interest rate reduction has filtered through to the economy. Looks like Australia will be getting lucky ...

BRIC slows on Europe woes

BENJAMIN ONG  |  TUESDAY, 19 JUN 2012
... easing inflation provides it scope to do more. Indian rates are lower by 50 bps and earlier this month, the Peoples Bank of China reduced rates by 25 bps on top of chopping the reserve requirement ratio last March, February and December last year. Please ...

Pop goes the QE

BENJAMIN ONG  |  FRIDAY, 8 JUN 2012
... downward spiral of economic weakness would be difficult to arrest." And we were so sure. Surer still after the Peoples Bank of China (PBOC) just did it. The PBOC reduced borrowing costs - the first since 2008 - taking the benchmark lending rate down ...
PAGE:
1
PREVIOUS
NEXT