This is the first interest rate cut in the first half of this year, implying a prologue of a new round of economic boost. BEIJING, June 20 (TMTPost)——The People's Bank of China (PBOC), China's central bank, cut two key lending rates on Tuesday for the first time in 10 months ...
The People's Bank of China (PBoC) announced interest rate on seven-day reverse repos, a key short-term policy rate, was lowered from 1.8% to 1.7%, the first cut to the rate since August, 2023. China’s central bank said it would improve the mechanism of open market operations. These ...
The movement of the LPR has been anticipated since mid-August when the PBC conducted operations like the Medium-term Lending Facility (MLF), prompting expectations of an interest rate cut. The promotion of MLF was believed to pave the way for the LPR reduction, aligning policy tools. This la...
The People's Bank of China (PBoC) cut its benchmark interest rate by 25bps last Saturday, the fourth time since November 2014 and effective from June 28; at the same time, a targeted cut in the Reserve Requirement Ratio (RRR) was deployed (also effective from June 28) to provide ...
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...
BEIJING, May 15 (Xinhua) -- China's financial authorities on Sunday said that the lower limit for interest rates on first-home purchase loans will be cut. The lower limit for interest rates on first-home loans at the national level used to be no less than the corresponding tenor of the...
In conclusion, while China's latest rate cut is a strategic move to stimulate economic growth, its impact on the banking sector and broader economy remains complex. Balancing the need for economic revival with the health of financial institutions will require careful management and additional policy...
China cuts interest rate, reserve requirement ratio for commercial banks点击此处播放视频>> China's central bank, acting in coordination with central banks around the world, has cut its interest rate and reserve requirement ratio for commercial banks. The move aims to boost the domestic ...
The Federal Reserve has announced a benchmark interest rate cut by 50 basis points to a new range of 4.75%-5%. Daryl Guppy, former national board member of the Australia China Business Council and Australian representative of the Silk Road International Chamber of Commerce, noted that the Fed'...
and should continue to cut interest rates, gold deposit should also fall. As we all know, China's monetary policy is actually a collective decision-making process, not the central bank can make a single decision. The significance of this rate cut is that it ...