The People's Bank of China (PBoC) left the benchmark interest rates unchanged on Monday, in accordance with market expectations.The 1-year Loan Prime Rate (LPR) was kept at 3.1% while the 5-year LPR remained at 3.6%.PBoC's last policy adjustment came in October last year, when it lowered...
A number of China's state-owned investment holding companies pledged on Tuesday to increase share holdings, in a push to stabilize the stock market amid escalating trade tensions between Beijing and Washington.China Reform Holdings Corp. said it would increase holdings of shares in state-owned...
The People's Bank of China (PBoC) kept its benchmark interest rates unchanged on Thursday, matching market expectations.
The 1-year Loan Prime Rate (LPR), which influences corporate loans and the 5-year LPR, which serves as a benchmark for mortgage rates, thus remained at 3.10% and...
The People's Bank of China (PBoC) said it injected 548.7 billion yuan ($76.49 billion) into the banking system on Wednesday through seven-day reverse repos at a 1.5% interest rate.
The move aims to maintain sufficient liquidity, according to the central bank.
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.
The People's Bank of China (PBoC) kept its benchmark interest rates unchanged on Monday, as expected.
The 1-year Loan Prime Rate (LPR), which influences corporate loans and the 5-year LPR, which serves as a benchmark for mortgage rates, thus remained at 3.10% and 3.60%, respectively.
The People's Bank of China (PBoC) announced on Friday that it is halting the purchase of treasury bonds due to low supply. The bank said the decision will come into force this month.The PBoC added it will restart buying bonds but that the exact timing depends on market conditions.
China aims to retain sufficient financial reserves to sustain its moderate monetary policy, according to the People's Bank of China (PBoC) meeting minutes released on Friday.The bank stated that its goals are to "maintain ample liquidity" and guide financial institutions to increase monetary and...
People's Bank of China (PBoC) Governor Pan Gongsheng (pictured) said the bank's current monetary policy leaves room for adjustment. At the same time, Gongsheng stated that PBoC would not cut the rates too aggressively and too soon to reduce the risk of a falling yuan.On December 20, the...
The People's Bank of China (PBoC) injected 300 billion yuan ($41 billion) into the financial system through its one-year lending facility.
The central bank also announced it will keep its Medium-term Lending Facility (MLF) rate steady at 2.00%, aligning with market expectations.
The move follows earlier...
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