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Showing 111 - 120 of 170 results for "PBOC"

Whatever works

BENJAMIN ONG  |  MONDAY, 24 MAR 2014
... space, changes have also been afoot in China. In a statement on its website dated 15 March 2014, the People's Bank of China (PBOC) announced that from it is doubling the yuan's trading band against the US dollar - "The yuan will, from today, be able ...

China's art of currency war

BENJAMIN ONG  |  TUESDAY, 18 MAR 2014
... 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 ...

This means war (again)

BENJAMIN ONG  |  FRIDAY, 14 MAR 2014
... weaker-than-expected reports out of China? It's rebalancing and even if it's not, easing inflation in the country gives the PBOC scope to move... and it has more than sufficient means to do it.

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
... 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 sharply ...

Catching the big wave

BENJAMIN ONG  |  THURSDAY, 27 FEB 2014
... 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 fall since ...

Reflation, rotation and the taper

BENJAMIN ONG  |  FRIDAY, 13 DEC 2013
... rate of US$85 billion a month; the BOE and the BOJ increased their quantitative easing efforts; the People's Bank of China (PBOC) lowered interest rates and banks' reserve requirements; and, the Reserve Bank of Australia (RBA) slashed interest rates ...

China's party plans

BENJAMIN ONG  |  MONDAY, 4 NOV 2013

While America was shuttered

BENJAMIN ONG  |  MONDAY, 21 OCT 2013
... quarter from 7.5% in the previous one. Bo-ring. It's the same old story...the economy hits a snag, the PM of the day or the PBOC implements counter-measures to ensure growth stays on target. It's the mini-stimulus - tax cuts and spending on rail infrastructure ...

The good, the good and the dollar-A

BENJAMIN ONG  |  TUESDAY, 23 JUL 2013
... at the very least. The three arrows can now fly unimpeded. There's a positive report that's come out of China as well. The PBOC is liberalising interest rates there - it removed the 6.0% floor on one-year loans, allowing banks to set their own lending ...