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Showing 1 - 10 of 100+ results for "PBOC"

Chief economist: The path to normality

BENJAMIN ONG  |  TUESDAY, 18 MAY 2021
... China's latest activity stats - a question whose answer will determine future policy moves by the People's Bank of China (PBOC) and the Politburo. Retail sales, industrial production and fixed asset investment numbers for April suggest that China ...

Chief economist update: Get shorty

BENJAMIN ONG  |  TUESDAY, 13 OCT 2020
The People's Bank of China (PBOC) cut the foreign exchange risk reserve ratio for forward contracts to 0% from 20% over the weekend, effectively giving its blessing to currency traders to "get shorty". The PBOC imposed the 20% risk reserve ratio ...

Chief economist update: China's post-pandemic economy

BENJAMIN ONG  |  WEDNESDAY, 16 SEP 2020
... GDP as at July 2020 - less than Japan's 21.1%, America's 13.2%, Australia's 10.6% or Germany's 8.9%. The PBOC lowered its benchmark lending rate just twice so far this year - in February by 10 bps and in April by 20 bps - to 3.85% and ...

Chief economist update: COVID-19 takes second crack at China

BENJAMIN ONG  |  TUESDAY, 16 JUN 2020
... Hubei province in early February. This is at the same time that the Chinese government and the People's Bank of China (PBOC) were rolling out stimulus measures (and continue to do so). China's draconian measures enabled the Politburo to contain ...

A decade in the dust

ALLY SELBY  |  THURSDAY, 16 APR 2020
... developed markets, like the US, continue to bleed red. "In our view, China is much closer to being back to normal and the PBoC has more ammunition to spur economic activity in the months to come," Taw said. "Peak infection rates from the virus appear ...

First in first out?

BENJAMIN ONG  |  WEDNESDAY, 1 APR 2020
... with more firms reported funding shortages and falling demand than in February -- reasons why the People's Bank of China (PBOC) and central command are not letting their guards down. The PBOC just recently cut its 7-day repo rate by 20 bps to 2.2% on ...

Chief economist update: What happens in China...

BENJAMIN ONG  |  MONDAY, 23 MAR 2020
... serves me right, in early February. This is at the same time that the Chinese government and the People's Bank of China (PBOC) were rolling out stimulus measures - what other fiscal and money authorities are implementing now. While it didn't ...

Chief economist update: Coronavirus cures climate change

BENJAMIN ONG  |  MONDAY, 16 MAR 2020
... number of monetary policy support measures planned and already implemented by many central banks of the world. In China the PBOC announced targeted required reserve ratio (RRR) cuts that it said will release 550 billion yuan (US$79B) of liquidity. The ...

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) ...
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