China's central bank holds interest rates - Breaking The News

China's central bank holds interest rates

20 February

1 min read

EPA/QILAI SHEN

The People's Bank of China (PBoC) decided to keep its key interest rates unchanged in February, maintaining the 1-year loan prime rate at 3.1% and the 5-year rate at 3.6%.

The rates remain unchanged since the last cut in October, when both were lowered by 25 basis points.

monetary policy interest rates pboc

Japan posts ¥2.8 trillion trade deficit in January

18 February

Japan's total merchandise trade deficit stood at ¥2.76 trillion, according to a report released by the country's Ministry of Finance on Wednesday.The figure marked a deterioration compared to the ¥132 billion surplus recorded in December, disappointing investors' expectations.The country's exports for the time period rose by 7.2% year-on-year, with imports landing above the estimated number, up by 16.7% compared to the same month last year.

Japan posts ¥130 billion trade surplus in December

22 January

Japan's total merchandise trade surplus surprised analysts' projections in December, landing at ¥130.9 billion (~$1.01 billion), according to a report released by the country's Ministry of Finance on Wednesday. The figure marked an improvement compared to the ¥117.6 billion deficit recorded in November, also rising on yearly basis in contrast with the deficit of ¥58.9 billion seen in December of 2023. The country's exports for the time period rose 2.8%...

Japan trade deficit shrinks to ¥117.6B in November

17 December

Japan's total merchandise trade deficit surprised analysts' projections in November, landing at ¥117.6 billion, according to a report released by the country's Ministry of Finance on Wednesday. The figure marked an improvement when compared to the ¥462.1 billion deficit recorded in October this year. The country's exports increased by 3.8% year-on-year during the period, while imports decreased by the same amount.

Fitch: US election could trigger trade protectionism

28 August

The result of upcoming presidential elections in the United States could shake global trade, with a possible urge to impose protectionism measures that would potentially affect major economies, Fitch Ratings warned on Wednesday.The credit rating agency said that increased US trade barriers might disrupt imports, impacting sectors and countries that heavily rely on the North American market, depending on which candidate ends up being elected for the...

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