China's New Interest Rate Cut July 2012 The Chinese central bank surprised on July 5 , 2012 by deciding to cut the interest rate for the second time within one month. The interest on deposits was cut by 0.25% down to 3.0% while the lending rate was cut by 0.31% down to 6.0%. The ...
In the first three months of 2024, China also launched positive monetary policies including cuts on the required reserve ratio and interest rate, whose influence on CPI is yet to be seen.Amid complexities in the internation...
Also yesterday, the central bank conducted 463 billion yuan of seven-day reverse repos at an interest rate of 1.8%. The move aims to keep liquidity in the banking system reasonable and ample. A reverse repo is a proc...
Published by , Nov 4, 2024 In 2023, the deposit interest rate in China did not change in comparison to the previous year. The deposit interest rate remained at 1.5 percent. The deposit interest rate is paid by financial institutions to deposit account holders.Find more statistics on other ...
Figure 1. Interest Rate Spread, 10-Year Minus 2-Year Treasury Yields Figure 2. Industrial Production Index for Crude Oil and Natural Gas Second, conflicts in Ukraine and the Gaza Strip have spurred a rapid increase in U.S. military and defense equipment production over the past six months, ...
China's interest rate reforms that made the loan prime rate (LPR), the new benchmark lending rate for businesses and households, has guided down borrowing costs in the real economy. LPR rate cuts, coupled with stimulus measures, have been some of China's government tools to...
the Chinese currency, to remain largely stable throughout the year. "Although the yuan faces the pressure of short-term depreciation against the U.S. dollar, the downward pressure will be eased as the U.S. Federal Reserve is likely to cut interest rates in the second half of the year,"...
considering a cut of 25 to 50 BPs in the reserve requirement ratio (RRR) at an appropriate time before the end of 2024, depending on market liquidity situations, after the central bank reduced the RRR by 50 BPs and the interest rate of seven-day reverse repurchases by 20 BPs on September...
The bonds worth 55 billion yuan ($7.7 billion) will be issued with a term of 30 years and an interest rate depending on competitive bidding.Ultra-long special treasury bonds typically refer to those with a tenor of more than 10 years.China saw the issuance of such bonds with terms of ...
Brende believes the global economy is "in a better shape" than a year ago. He explained that global inflation is coming down, which could lead to future interest rate reductions and increased investments. Brende believes that trade is the engine of global economic growth. Global trade volume on...