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Showing 11 - 20 of 170 results for "PBOC"

China vaccinates against corona

BENJAMIN ONG  |  MONDAY, 24 FEB 2020
... government's drastic action at quarantining cities and regions infected by the virus, the People's Bank of China (PBOC) cut its benchmark one-year loan prime rate (LPR) by 10 basis points to 4.05% and the five-year rate from 4.8% to 4.75% on ...

Chief economist update:China prepares anti-viral injection

BENJAMIN ONG  |  MONDAY, 3 FEB 2020
... surprisingly, markets are bracing for a big fall in China's stock market when it opens today. But the People's Bank of China (PBOC) is on top of this. Reuters reports that China's central bank said it will inject 1.2 trillion yuan ($174 billion) ...

Chief economist update: Happy New Year rat

BENJAMIN ONG  |  MONDAY, 20 JAN 2020
... should underpin continued stabilisation in the Chinese economy. Recall that on November 18, the People's Bank of China (PBOC) cut its 7-day reverse repo rate from 2.55% to 2.50% - the first rate reduction in four years (October 2015). This followed ...

Chief economist update: War is over

BENJAMIN ONG  |  TUESDAY, 17 DEC 2019
... and watered by government and central bank stimulus packages. Recall that on November 18, the People's Bank of China (PBOC) cut its seven-day reverse repo rate from 2.55% to 2.50% - the first rate reduction in four years (October 2015). This followed ...

Chief economist update: Chinese green shoots?

BENJAMIN ONG  |  MONDAY, 2 DEC 2019
... and watered by government and central bank stimulus packages? Recall that on November 18, the People's Bank of China (PBOC) cut its seven-day reverse repo rate from 2.55% to 2.50% - the first rate reduction in four years (October 2015). This followed ...

Chief economist update: The PBOC stimulates

BENJAMIN ONG  |  TUESDAY, 19 NOV 2019
... slowing growth and above target inflation, what's a central bank to do? In the case of the People's Bank of China (PBOC), it's going for growth. In a surprise move, the Chinese central bank cut its seven-day reverse repo rate from 2.55% to ...

Chief economist update: Santa Claus is coming to town

BENJAMIN ONG  |  MONDAY, 11 NOV 2019
... policy stimulus measures. Central banks have indeed raised policy stimulation - in words (BOJ, BOE) and in deed (Fed, ECB, PBOC and RBA) - and the recent positive turn of events - US-China trade deal, the UK could finally Brexit with polls predicting ...

China backs blockchain, Bitcoin soars

ELIZA BAVIN  |  TUESDAY, 29 OCT 2019
... banned all cryptocurrency and Initial Coin Offerings in 2017, with the nations' central bank, the People's Bank of China (PBOC), working on its own digital currency. The sharp rise in bitcoin saw its value jump to over US$10,000 after Xi's remarks. The ...

Chief economist update: China's great leap forward 70 years in the making

BENJAMIN ONG  |  FRIDAY, 27 SEP 2019
... fees for companies and increased spending on infrastructure and environmental projection - as well as monetary ones - the PBOC has cut the reserve requirement ratio several times from 17% in March 2018 to a 12-year low of 13% in September this year and ...

Chief economist update: Tweeting Trump versus totalitarian Xi

BENJAMIN ONG  |  TUESDAY, 20 AUG 2019
... counter-cyclical measures. In addition to lowering its yuan fixing versus the US dollar, the People's Bank of China (PBOC) now announced it will be "reforming and improving the formation mechanism of LPR [loan prime rate] - effectively a rate cut ...