China’s central bank reiterates easing pledges amid policy dilemmas
Trending News
18 hours, 52 minutes ago

China’s central bank reiterates easing pledges amid policy dilemmas

Live Mint  

China’s central bank again vowed to help the economy grow this year, firming expectations of more monetary easing as it walks a fine line between conflicting policy targets complicated by a possible trade war with the U.S. Officials at the People’s Bank of China said at a Tuesday briefing that they will ramp up support for the economy with measures like lower interest rates and reducing the amount of cash lenders must hold as reserves to free up liquidity. Bank lending data earlier showed weak bank loan growth last month, and Capital Economics expects sluggish private demand to keep credit growth subdued in the foreseeable future. Low inflation looks set to keep lending rates restrictive despite PBOC easing, which together with continued declines in asset prices could keep private demand muted, economists said in a note. The central bank is stuck between supporting the economy and fighting deflation—its growth and price stability objective—and fulfilling its mandate on safeguarding the currency, stock market, and bond yields, said economists at Barclays.

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History of this topic

PBOC Dials up Short-Term Liquidity Injections Amid Cash Squeeze
4 hours, 59 minutes ago

PBOC Dials up Short-Term Liquidity Injections Amid Cash Squeeze

Live Mint  

-- China’s central bank pumped a large amount of short-term cash into its financial system on Wednesday, dialing up liquidity support amid a cash squeeze with the new year holiday looming. The People’s Bank of China injected a net 958.4 billion yuan of cash via seven-day reverse repurchase agreements in daily open market operations, the second highest on record in …

China central bank is moving faster towards its policy limits
4 days, 23 hours ago

China central bank is moving faster towards its policy limits

Live Mint  

* PBOC expected to cut rates more aggressively this year * Cenbank dropped prudent stance but may have to stay cautious * Bond buying suspension highlights PBOC constraints * Room for more rate, RRR cuts rapidly narrowing * More easing also raises risk of asset bubbles By Kevin Yao BEIJING, - China's central bank is expected to deploy its most …

Bolstering stability and demand of yuan stressed
2 weeks, 1 day ago

Bolstering stability and demand of yuan stressed

China Daily  

China to increase the intensity of monetary policy easing, expert says China's monetary policymakers are expected to prioritize bolstering domestic demand while strengthening expectation guidance to prevent any sharp yuan depreciation in the coming year, economists and policy experts said. Luo Zhiheng, chief economist at Yuekai Securities, said he anticipates China to increase the intensity of monetary policy easing in …

Policies expected to focus on bolstering demand, stability of yuan
Top News
2 weeks, 1 day ago

Policies expected to focus on bolstering demand, stability of yuan

China Daily  

By ZHOU LANXU and WANG KEJU | China Daily | Updated: 2024-12-31 07:08 Headquarters of the People's Bank of China, the central bank, is pictured in Beijing, China. China's monetary policymakers are expected to prioritize bolstering domestic demand while strengthening expectation guidance to prevent any sharp yuan depreciation in the coming year, economists and policy experts said. Luo Zhiheng, chief …

Policies expected to focus on bolstering demand, stability of yuan
Trending News
2 weeks, 1 day ago

Policies expected to focus on bolstering demand, stability of yuan

China Daily  

Headquarters of the People's Bank of China, the central bank, is pictured in Beijing, China. China's monetary policymakers are expected to prioritize bolstering domestic demand while strengthening expectation guidance to prevent any sharp yuan depreciation in the coming year, economists and policy experts said. Luo Zhiheng, chief economist at Yuekai Securities, said in an interview with China Daily that he …

China's loan prime rates remain unchanged
3 weeks, 5 days ago

China's loan prime rates remain unchanged

China Daily  

BEIJING -- China's one-year loan prime rate, a market-based benchmark lending rate, came in at 3.1 percent Friday, unchanged from the previous month. The over-five-year LPR, on which many lenders base their mortgage rates, also remained unchanged from the previous reading of 3.6 percent, according to the National Interbank Funding Center. Analysts believe the lower lending rate will help relieve …

PBOC pledges more monetary policy support
2 months ago

PBOC pledges more monetary policy support

China Daily  

Headquarters of the People's Bank of China, the central bank, is pictured in Beijing, China. China's central bank confirmed on Monday the continuation of its supportive monetary policy stance, a move that analysts said has reinforced expectations of another cut in the reserve requirement ratio to accommodate additional government bond issuance. Feng Jianlin, chief economist at Beijing FOST Economic Consulting …

PBOC pledges more monetary policy support
2 months ago

PBOC pledges more monetary policy support

China Daily  

China's central bank confirmed on Monday the continuation of its supportive monetary policy stance, a move that analysts said has reinforced expectations of another cut in the reserve requirement ratio to accommodate additional government bond issuance. Feng Jianlin, chief economist at Beijing FOST Economic Consulting Co, said the central bank may soon coordinate with the 2 trillion yuan in bond …

China's Central Bank Cuts Key Interest Rates to Boost Economy
2 months, 3 weeks ago

China's Central Bank Cuts Key Interest Rates to Boost Economy

The Hindu  

China's central bank has cut two key interest rates to boost the economy. The one-year Loan Prime Rate (LPR) and five-year LPR were cut from 3.35% to 3.1% and 3.85 to 3.6% respectively. These cuts are aimed at reviving spending and boosting economic growth. However, the economy has been struggling with weak consumption and a prolonged debt crisis in the …

Xi Jinping pledges ‘forceful’ rate cuts to halt China’s economic crisis
3 months, 2 weeks ago

Xi Jinping pledges ‘forceful’ rate cuts to halt China’s economic crisis

The Telegraph  

Xi Jinping has called for the introduction of “forceful” interest rate cuts as the Chinese president battles to kickstart the stuttering economy. In a rare admission from China’s leadership, officials said the world’s second-largest economy was facing fresh turmoil as they vowed to inject greater levels of fiscal stimulus. It follows a series of measures laid out by the People’s …

Rate cuts set to boost market confidence
3 months, 3 weeks ago

Rate cuts set to boost market confidence

China Daily  

China's top financial regulators, in a move that went beyond market expectations, unveiled a potent combination of monetary easing measures on Tuesday, aimed at anchoring market confidence and underpinning economic recovery amid domestic and global headwinds, analysts said. Pan Gongsheng, governor of the People's Bank of China, the nation's central bank, said at a news conference on Tuesday that the …

China's central bank cuts bank reserve rates, pledges other moves to help the economy
3 months, 3 weeks ago

China's central bank cuts bank reserve rates, pledges other moves to help the economy

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy The Chinese central bank announced …

China's central bank cuts bank reserve rates, pledges other moves to help the economy
3 months, 3 weeks ago

China's central bank cuts bank reserve rates, pledges other moves to help the economy

Hindustan Times  

The Chinese central bank announced Tuesday a slew of measures aimed at reviving the sluggish economy, mainly by tackling a downturn in the property sector. China's central bank cuts bank reserve rates, pledges other moves to help the economy People’s Bank of China Gov. Pan Gongsheng said the reserve requirement for banks would be cut by 0.5 percentage points and …

PBOC hints at further cuts in the reserve requirement ratio
4 months, 1 week ago

PBOC hints at further cuts in the reserve requirement ratio

China Daily  

The financial district of Pudong New Area. China will intensify counter-cyclical monetary measures at the aggregate level, central bank officials said on Thursday, implying room for further reductions in the reserve requirement ratio. Zou Lan, head of the Monetary Policy Department of the People's Bank of China, the country's central bank, said that the current average RRR of financial institutions …

Robust policy steps urged to boost economy
4 months, 2 weeks ago

Robust policy steps urged to boost economy

China Daily  

The Inner Street Culture Creative Park is bustling with activity during the night market in Qingxiu district, Nanning, Guangxi Zhuang autonomous region, on April 16, 2024. China should further bolster its economy by stepping up fiscal and monetary policy support, including raising the budget deficit and effecting more cuts in the reserve requirement ratio and interest rates, said economists and …

China may keep RMB stable if Fed cuts rates
4 months, 2 weeks ago

China may keep RMB stable if Fed cuts rates

China Daily  

A woman shows banknotes and coins included in the 2019 edition of the fifth series of the renminbi. With the United States appearing to be poised for interest rate cuts starting September, Chinese policymakers should strengthen monitoring of capital flows and prepare contingency plans against any potential sharp renminbi appreciation, analysts said. Stephen Jen, chief executive of British hedge fund …

Big banks cut deposit rates to strengthen sector stability
5 months, 2 weeks ago

Big banks cut deposit rates to strengthen sector stability

China Daily  

This file photo shows a worker counting Chinese currency at a bank in Lianyungang, East China's Jiangsu province. Several major Chinese commercial banks cut deposit rates on Thursday, signaling a new round of deposit rate cuts that could pave the way for further reductions in policy benchmarks of lending rates to bolster economic growth, market analysts said. The LPR reduction …

China cuts 1-year benchmark rate and doubles subsidies for EVs in its ‘cash for clunkers’ program
5 months, 3 weeks ago

China cuts 1-year benchmark rate and doubles subsidies for EVs in its ‘cash for clunkers’ program

Associated Press  

BANGKOK — China ratcheted up its effort to reinvigorate its slowing economy Thursday by unexpectedly cutting a key policy rate and also doubling subsidies for electric vehicles bought to replace older cars. The People’s Bank of China said it cut its lending rate for one-year medium term policy loans by 20 basis points to 2.3%. Major state-run banks cut deposit …

China lowers MLF interest rate to reduce financing costs
5 months, 3 weeks ago

China lowers MLF interest rate to reduce financing costs

China Daily  

File photo shows an exterior view of the People's Bank of China in Beijing, capital of China. BEIJING - China's central bank on Thursday lowered the medium-term lending facility interest rate to decrease the borrowing costs of the real economy. The People's Bank of China on Thursday also pumped 200 billion yuan into the market via the MLF, which will …

China lowers MLF interest rate to reduce financing costs
5 months, 3 weeks ago

China lowers MLF interest rate to reduce financing costs

China Daily  

File photo shows an exterior view of the People's Bank of China in Beijing, capital of China. BEIJING - China's central bank on Thursday lowered the medium-term lending facility interest rate to decrease the borrowing costs of the real economy. The People's Bank of China on Thursday also pumped 200 billion yuan into the market via the MLF, which will …

China Restates Need for Steady Yuan Amid Fragile Confidence
8 months, 3 weeks ago

China Restates Need for Steady Yuan Amid Fragile Confidence

Hindustan Times  

China reiterated the need to prevent one-sided moves in the yuan, as a resurgent dollar and poor risk sentiment pressure currencies across Asia. China Restates Need for Steady Yuan Amid Fragile Confidence The nation will “resolutely” put the yuan back on track when traders place lopsided bets and it’ll also try to avoid excessive volatility, the People’s Bank of China …

Bond comments by China’s Xi hint at possible expansion of PBOC toolkit
9 months, 1 week ago

Bond comments by China’s Xi hint at possible expansion of PBOC toolkit

Live Mint  

A months-old speech by China’s top leader has stoked speculation around aggressive liquidity boosts from Beijing. While economists have generally shrugged off such a possibility, some say that more trading of treasury bonds could bring the country’s central bank more in line with practices adopted by peers in developed markets. Economists say U.S.-style “quantitative easing," in which a central bank …

Significant interest rate cuts, just what the market needs
10 months, 3 weeks ago

Significant interest rate cuts, just what the market needs

China Daily  

This file photo shows a worker counting Chinese currency at a bank in Lianyungang, East China's Jiangsu province. China's central bank announced the largest cut to a benchmark mortgage rate in recent years on Tuesday, lowering the over-five-year loan prime rate by 25 basis points to 3.95 percent. In 2023, the central bank introduced a series of rate cuts, lowering …

China moves to spur its slowing economy and boost markets by cutting required bank reserves
11 months, 3 weeks ago

China moves to spur its slowing economy and boost markets by cutting required bank reserves

Associated Press  

BANGKOK — China’s central bank said Wednesday it will cut amount of reserves it holds for banks as part of a slew of measures to support the slowing economy. The central bank’s moves appear to be part of a concerted effort to stabilize the markets and instill greater confidence in the outlook for the world’s second-largest economy. Unlike bank reserves …

China’s central bank eyes reserve ratio cut to boost lending
1 year ago

China’s central bank eyes reserve ratio cut to boost lending

Live Mint  

Chinese authorities have indicated a possible cut in the reserve ratio which is the amount of money banks must set aside as reserves to propel lending, a report said. In an interview with state-run Xinhua News Agency, Zou Lan, head of the People’s Bank of China’s monetary policy department said that the PBOC may use open market operations, medium-term lending …

China’s big banks cut deposit rates as growth plateaus
1 year ago

China’s big banks cut deposit rates as growth plateaus

Live Mint  

China’s biggest banks are lowering the deposit rates offered to savers, a move that could pave the way for the central bank to make interest-rate cuts to spur economic growth. “Lower deposit rates should help alleviate pressures on banks’ net interest margins and lay the groundwork for the PBOC to cut its policy lending rates in January, which have been …

PBOC’s bold move: Injects $112 billion lifeline amid economic challenges
1 year, 1 month ago

PBOC’s bold move: Injects $112 billion lifeline amid economic challenges

Live Mint  

In a bid to fortify its economy facing challenges from a housing slump and subdued demand, China extended its support for the economy with the largest injection of medium-term policy loans, Bloomberg reported. The People’s Bank of China provided commercial lenders with a substantial net amount of 800 billion yuan in one-year loans while maintaining the existing interest rate. This …

Central bank to take steps to bolster economy
1 year, 2 months ago

Central bank to take steps to bolster economy

China Daily  

A worker counts Chinese currency renminbi at a bank in Linyi, East China's Shandong province. PBOC will amplify support for areas in line with major strategies, weak links China's monetary policymakers are set to further reduce financing costs and maintain ample liquidity, in support of the country's economic recovery that has gathered steam, said Pan Gongsheng, governor of the People's …

PBOC to maintain reasonable, ample liquidity
1 year, 4 months ago

PBOC to maintain reasonable, ample liquidity

China Daily  

A pedestrian walks past the headquarters of the PBOC in Beijing. JIANG QIMING/CHINA NEWS SERVICE China's central bank said on Thursday it will comprehensively utilize various monetary policy tools, maintain reasonable and ample liquidity and ensure moderate and steady growth of money supply and credit. And it will also flexibly conduct open market operations, keep liquidity in the banking system …

PBOC cuts rates to boost growth
1 year, 7 months ago

PBOC cuts rates to boost growth

China Daily  

Move comes amid stepped-up efforts to consolidate recovery, hike confidence China's central bank cut its short-term lending rate, the first such move since August 2022, as the country stepped up measures to consolidate economic recovery and restore market confidence amid downward pressure, analysts said on Tuesday. Thanks to Tuesday's policy interest rate cut, the country's key benchmark lending rates for …

PBOC cuts rates to boost growth
1 year, 7 months ago

PBOC cuts rates to boost growth

China Daily  

File photo shows an exterior view of the People's Bank of China in Beijing. Move comes amid stepped-up efforts to consolidate recovery, hike confidence China's central bank cut its short-term lending rate, the first such move since August 2022, as the country stepped up measures to consolidate economic recovery and restore market confidence amid downward pressure, analysts said on Tuesday. …

专家解读央行超预期降息的考量
2 years, 4 months ago

专家解读央行超预期降息的考量

China Daily  

中国人民银行开展4000亿元中期借贷便利（MLF）操作，20亿元7天公开市场逆回购操作，中标利率均下降10个基点，分别是2.75%和2%。本次央行降息超出市场预期。央行发布二季度货币政策执行报告，强化了对“不搞大水漫灌”的关注。市场预期流动性仍将保持宽松。央行在当前时点降息10个基点，笔者理解主要有以下三个原因。 A clerk counts cash at a bank in Haian, East China's Jiangsu province, in July. The People's Bank of China, the country's central bank, recently lowered the rate on 400 billion yuan of one-year medium-term lending facility loans to some financial institutions by 10 basis points to 2.75 percent. Therefore, we may interpret the exchange rate to be "adhering …

专家解读央行超预期降息的考量
2 years, 4 months ago

专家解读央行超预期降息的考量

China Daily  

中国人民银行开展4000亿元中期借贷便利（MLF）操作，20亿元7天公开市场逆回购操作，中标利率均下降10个基点，分别是2.75%和2%。本次央行降息超出市场预期。央行发布二季度货币政策执行报告，强化了对“不搞大水漫灌”的关注。市场预期流动性仍将保持宽松。央行在当前时点降息10个基点，笔者理解主要有以下三个原因。 A clerk counts cash at a bank in Haian, East China's Jiangsu province, in July. The People's Bank of China, the country's central bank, recently lowered the rate on 400 billion yuan of one-year medium-term lending facility loans to some financial institutions by 10 basis points to 2.75 percent. Therefore, we may interpret the exchange rate to be "adhering …

China signals caution on inflation despite COVID, Ukraine woes
2 years, 8 months ago

China signals caution on inflation despite COVID, Ukraine woes

Al Jazeera  

The People’s Bank of China keeps one-year loan prime rate at 3.7 percent and the five-year rate at 4.6 percent. China held key interest rates for corporate and household loans steady on Wednesday, a surprise move that signals Beijing remains cautious about policy easing even as COVID-19 and the Ukraine war weigh on growth. The People’s Bank of China kept …

China cuts benchmark rates to bolster flagging economy
2 years, 11 months ago

China cuts benchmark rates to bolster flagging economy

Live Mint  

BEIJING : China’s central bank lowered its benchmark lending rates, stepping in to support a slowing economy that has been weighed down by a slump in the property market during a politically important year for leader Xi Jinping. The People’s Bank of China said Thursday that it cut its five-year loan prime rate, a benchmark for medium- and longer-term loans …

China cuts interest rates to fight economic impact of zero-Covid policy
3 years ago

China cuts interest rates to fight economic impact of zero-Covid policy

The Telegraph  

China’s central bank has cut interest rates in a bid to fight the economic impact of its "zero-Covid" policy. The People’s Bank of China cut the benchmark one-year loan prime rate to 3.8pc from 3.85pc, the first time it has reduced rates since April 2020 when the pandemic peaked in the country. Reducing interest rates may have the effect of …

China economy: LPR cut for the first time in 20 months
3 years ago

China economy: LPR cut for the first time in 20 months

CNN  

Hong Kong CNN Business — China’s central bank cutits main interest rate for the first time in 20 months, as authorities step up efforts to boost an economy that has been hit by pandemic-related curbs, a real estate slump and an unprecedented crackdown on private enterprises. “The cut reinforces our view that authorities are increasingly open to cutting interest rates …

Intensified policy support to maintain economic stability
3 years, 1 month ago

Intensified policy support to maintain economic stability

China Daily  

A worker checks the operation of a carbon fiber production line at a factory in Lianyungang, Jiangsu province. Chinese policymakers are expected to intensify policy support for economic stability in response to downward pressures on growth next year, analysts said on Tuesday. The top leadership said the nation will strive to stabilize the fundamentals of its macro economy next year, …

China strengthens lending support for private enterprises
3 years, 1 month ago

China strengthens lending support for private enterprises

China Daily  

BEIJING -- China has increased lending support for the private sector, with new loans to private enterprises reaching 5 trillion yuan in the first 10 months of 2021, according to China's top banking and insurance regulator. Outstanding loans to private enterprises by banking financial institutions stood at 53.1 trillion yuan as of September this year, 15 trillion yuan more than …

PBOC may have to juice China’s economy as ‘stagflation’ risk rises
3 years, 1 month ago

PBOC may have to juice China’s economy as ‘stagflation’ risk rises

CNN  

Hong Kong CNN Business — A Chinese central official has warned that stagflation could weigh on an already struggling economy next year. Liu Shijin, a member of the People’s Bank of China’s monetary policy committee, told an online forum on Sunday that the world’s second largest economy may have to deal with “quasi-stagflation” the rest of this year and into …

PBOC to cut reserve ratio, add liquidity
3 years, 6 months ago

PBOC to cut reserve ratio, add liquidity

China Daily  

The People's Bank of China in Beijing. China's central bank announced on Friday it would reduce the cash financial institutions are required to keep in reserve and release about 1 trillion yuan of liquidity effective on Thursday, an expected measure undertaken to better support the real economy and keep corporate financing costs at a low level. The People's Bank of …

PBOC to cut reserve ratio, add liquidity
3 years, 6 months ago

PBOC to cut reserve ratio, add liquidity

China Daily  

The People's Bank of China in Beijing. China's central bank announced on Friday it would reduce the cash financial institutions are required to keep in reserve and release about 1 trillion yuan of liquidity effective on Thursday, an expected measure undertaken to better support the real economy and keep corporate financing costs at a low level. The People's Bank of …

Central bank pledges flexible, precise implementation of monetary policy
3 years, 6 months ago

Central bank pledges flexible, precise implementation of monetary policy

China Daily  

China will implement its monetary policy in a flexible and precise way and strike a balance between economic recovery and risk prevention, the central bank has said. In a statement released after a quarterly meeting of its monetary policy committee, the People's Bank of China has pledged efforts to keep the economy running within an appropriate range and ensure that …

Central bank targets exchange rate stability
3 years, 6 months ago

Central bank targets exchange rate stability

China Daily  

The People's Bank of China aims to keep the RMB exchange rate stable against major currencies amid China's post-pandemic recovery. ZHANG XINGLONG/CHINA NEWS SERVICE Wide range of options open to the PBOC, market players say The central bank is determined to keep the RMB exchange rate stable against a basket of major currencies amid China's post-pandemic recovery, according to economists. …

Central bank targets exchange rate stability
3 years, 6 months ago

Central bank targets exchange rate stability

China Daily  

The People's Bank of China aims to keep the RMB exchange rate stable against major currencies amid China's post-pandemic recovery. ZHANG XINGLONG/CHINA NEWS SERVICE Wide range of options open to the PBOC, market players say The central bank is determined to keep the RMB exchange rate stable against a basket of major currencies amid China's post-pandemic recovery, according to economists. …

Central bank targets exchange rate stability
3 years, 6 months ago

Central bank targets exchange rate stability

China Daily  

The People's Bank of China aims to keep the RMB exchange rate stable against major currencies amid China's post-pandemic recovery. ZHANG XINGLONG/CHINA NEWS SERVICE Wide range of options open to the PBOC, market players say The central bank is determined to keep the RMB exchange rate stable against a basket of major currencies amid China's post-pandemic recovery, according to economists. …

Central bank targets exchange rate stability
3 years, 6 months ago

Central bank targets exchange rate stability

China Daily  

The People's Bank of China aims to keep the RMB exchange rate stable against major currencies amid China's post-pandemic recovery. ZHANG XINGLONG/CHINA NEWS SERVICE Wide range of options open to the PBOC, market players say The central bank is determined to keep the RMB exchange rate stable against a basket of major currencies amid China's post-pandemic recovery, according to economists. …

Central bank targets exchange rate stability
3 years, 6 months ago

Central bank targets exchange rate stability

China Daily  

The People's Bank of China aims to keep the RMB exchange rate stable against major currencies amid China's post-pandemic recovery. ZHANG XINGLONG/CHINA NEWS SERVICE Wide range of options open to the PBOC, market players say The central bank is determined to keep the RMB exchange rate stable against a basket of major currencies amid China's post-pandemic recovery, according to economists. …

China struggles to suppress bubbles in markets awash with money
3 years, 7 months ago

China struggles to suppress bubbles in markets awash with money

Live Mint  

China’s battle to maintain order in financial markets is getting tougher as money floods into everything from commodities to housing and stocks. Targeted intervention is likely to weigh on pockets of China’s financial markets as the Communist Party seeks to avoid volatility in the run up to the July 1 centenary of its founding. The CSI 300 Index of stocks …

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