Stimulus package increases liquidity and boosts confidence
2 months, 3 weeks ago

Stimulus package increases liquidity and boosts confidence

China Daily  

A worker counts Chinese currency renminbi at a bank in Linyi, East China's Shandong province. China's central bank on Friday cut the reserve requirement ratio for financial institutions by 0.5 percentage points and lowered the seven-day reverse repo interest rate by 20 basis points, enhancing policy support to solidify economic operations. The seven-day reverse repo interest rate, a key short-term policy rate, was lowered from 1.7 percent to 1.5 percent on Friday, according to the central bank, the largest cut in four years. The move aims to intensify the countercyclical adjustment of monetary policy and support the country's stable economic growth.The seven-day reverse repo interest rate has fallen by a cumulative 30 basis points so far this year. Under the condition of certain capital demand, the RRR cut, along with other policy monetary tools such as interest rate cut, medium-term lending facility rate cuts, open market operations, etc., can help push the actual interest rate down continuously.

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China still has further room for RRR, interest rate cuts
2 weeks, 1 day ago

China still has further room for RRR, interest rate cuts

China Daily  

By Sheng Songcheng | China Daily | Updated: 2024-12-09 10:35 The People's Bank of China, the country's central bank, proposed in its third quarter monetary policy implementation report that a reasonable pickup in prices should be taken as a key consideration in monetary policymaking to keep prices at a reasonable level. And with the central bank maintaining its stance on …

RBI cuts CRR to 4%: How this liquidity boost will benefit economy
2 weeks, 4 days ago

RBI cuts CRR to 4%: How this liquidity boost will benefit economy

India Today  

The Reserve Bank of India announced a phased reduction in the Cash Reserve Ratio by 50 basis points, lowering it to 4%. This adjustment, effective in two tranches on December 14 and 28, is expected to release approximately Rs 1.16 lakh crore into the banking system, easing liquidity constraints and supporting credit growth. Considering all these factors, we believe that …

China's Monetary Easing Measures: A Tailored Approach to Boosting the Economy
2 months, 1 week ago

China's Monetary Easing Measures: A Tailored Approach to Boosting the Economy

China Daily  

China announces a comprehensive monetary easing package to stimulate the economy amid domestic downward pressure and global headwinds. The package includes lowering the reserve requirement ratio, key policy interest rates, and existing mortgage loan interest rates. This combination of measures is expected to provide the market with approximately 1 trillion yuan for new lending, supporting investment and consumption.

China's central bank unveils most aggressive stimulus since pandemic
2 months, 4 weeks ago

China's central bank unveils most aggressive stimulus since pandemic

Hindustan Times  

* China's central bank unveils most aggressive stimulus since pandemic PBOC to cut rates, RRR and provide more property market support * China facing deflationary pressures, growth target at risk * Analysts say more fiscal stimulus needed to restore confidence By Ryan Woo and Liangping Gao BEIJING, Sept 24 - China's central bank on Tuesday unveiled its biggest stimulus since …

Rate cuts set to boost market confidence
2 months, 4 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 …

RRR cut buzz gathers steam
9 months ago

RRR cut buzz gathers steam

China Daily  

A pedestrian walks past the headquarters of the PBOC in Beijing. JIANG QIMING/CHINA NEWS SERVICE Lukewarm financing demand and the upcoming issuance of a large amount of treasury bonds may necessitate a cut in the reserve requirement ratio in the second quarter of the year as the external financial conditions are set to improve, experts said. Xuan's remarks reinforced expectations …

China eases banks' reserve requirement to cement economic recovery
10 months, 4 weeks ago

China eases banks' reserve requirement to cement economic recovery

China Daily  

A cashier counts renminbi notes in a bank in Haian, Jiangsu province. BEIJING - China's central bank will lower the amount of reserve requirement that financial institutions have to set aside, amid efforts to support economic recovery and confidence. Reserve requirement ratio for financial institutions will be cut by 0.5 percentage points from Feb 5, which will provide 1 trillion …

RRR cut more reasonable than expected
1 year, 8 months ago

RRR cut more reasonable than expected

China Daily  

CAI MENG/CHINA DAILY With a liquidity injection of 559 billion yuan via one-year medium-term lending facility loans so far this year and the comments made by Yi Gang — governor of the People's Bank of China, the central bank — before the two sessions saying that "the current level of some key variables concerning monetary policy is appropriate", the market …

RRR cut aims to support real economy
2 years, 8 months ago

RRR cut aims to support real economy

China Daily  

The People's Bank of China. The People's Bank of China, the nation's central bank, announced on Friday a cut in the reserve requirement ratio for financial institutions, in its latest move to support the real economy with a focus on smaller businesses and the agricultural sector. The central bank will lower the RRR for all financial institutions, excluding those already …

Central bank acts to bolster real economy
3 years ago

Central bank acts to bolster real economy

China Daily  

Reserve requirement ratio cut aims to sustain recovery of growth, premier says The amount of cash financial institutions must hold in reserve will be cut from Dec 15 to inject more liquidity into the market, China's central bank announced on Monday. The RRR cut is expected to free up about 1.2 trillion yuan and save financial institutions 15 billion yuan …

RBI’s accommodative stance, liquidity measures have analysts divided
4 years, 2 months ago

RBI’s accommodative stance, liquidity measures have analysts divided

Live Mint  

The Reserve Bank of India left key interest rates unchanged on Friday but signalled more easing ahead to support an economy that it sees contracting 9.5 per cent in the current fiscal. Earlier in the day, RBI Governor Shaktikanta Das left the key policy rate unchanged at 4 per cent, but offered a host of measures to contain the bond …

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