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Showing 31 - 40 of 170 results for "PBOC"

Chief economist update: Shanghai's drop is China's problem, the yuan's slide is everyone's

BENJAMIN ONG  |  THURSDAY, 28 JUN 2018
... intentionally slowing its economy - and interest rate differentials - the Fed is on the path towards normalisation while the PBOC (just over the weekend) reduced its reserve requirement ratio. But yes Virginia, we all should "worry over impact." Those ...

Chief economist update: The survey says...

BENJAMIN ONG  |  THURSDAY, 29 MAR 2018
... central command wants. It's targeting growth of 6.5% this year from 6.9% in 2017. If Trump's protectionism gets in the way, the PBOC has scope to ease monetary policy given that the country's core inflation rate (2.5%) remains below its target of around ...

Chief economist update: The dog ate my growth target

BENJAMIN ONG  |  TUESDAY, 20 FEB 2018
... CNY172.1 trillion in the first month of 2018. China's total social financing (TSF) - defined by the People's Bank of China (PBOC) as "a money-added concept, indicating total funds the real economy obtained from the financial system over a certain period ...

Chief economist update: The good news and the good news

BENJAMIN ONG  |  FRIDAY, 19 JAN 2018
... expectations for an easing to 6.7% predicated on the slowing effects of the central government's and the People's Bank of China's (PBOC) crackdown on overcapacity, pollution, excessive leverage and rising debt to contain financial risks. Even better ...

Expecting the expected

BENJAMIN ONG  |  MONDAY, 18 DEC 2017
... heading down "towards the 2% target in the medium term". What may have not been expected was the People's Bank of China's (PBOC) rate hike announcement. But the adjustment was so small, financial markets barely reacted to it. The PBOC lifted its 7-day ...

Good news or bad news?

BENJAMIN ONG  |  TUESDAY, 12 DEC 2017
... growth momentum in the Chinese economy. Bad because they imply that the central government and the People's Bank of China (PBOC) might be going back on its word (or worse, losing the war) to clamp down on excessive leverage and risky loans (through shadow ...

No big deal or not yet?

BENJAMIN ONG  |  MONDAY, 27 NOV 2017
... 300 index suggests the presence of dip-buyers in the market. And why not? History shows that the central government and the PBOC are known to step-in to prevent a precipitous slide in stock prices. Remember, the prohibitions on selling and capital (re)injections ...

Less liquidity to lessen risk

BENJAMIN ONG  |  TUESDAY, 14 NOV 2017
... slowest annual growth rate since January 1996. China's total social financing (TSF) - defined by the People's Bank of China (PBOC) as "a money-added concept, indicating total funds the real economy obtained from the financial system over a certain period ...

China's inflation lift indicates strong demand

BENJAMIN ONG  |  FRIDAY, 10 NOV 2017
... previous NBS data showed." While the rising pressure on consumer and producer prices suggests that the People's Bank of China (PBOC) could switch its current neutral with a tightening bias policy into actual tightening, note that despite the rising momentum ...

Australian dollar poses problem for RBA

BENJAMIN ONG  |  MONDAY, 7 AUG 2017
... appreciation (despite its continuing battle with very low inflation); nor the Shanghai composite index's 5.1% increase (despite the PBOC's liquidity tightening and de-leveraging actions). For the explanation, we don't have to look further than in one ...