China cuts rates, rolls out other moves to help the slowing economy
Sep 24, 2024 · People’s Bank of China Gov. Pan Gongsheng told reporters in Beijing that the reserve requirement for banks would be cut by 0.5 percentage points “in the near term,” and that the central bank would follow up with further cuts. That would free up more money for lending.
China cuts benchmark lending rates by 25 basis points
23 hours ago · China on Monday lowered its main benchmark lending rates by 25 basis points at the monthly fixing. The People’s Bank of China (PBOC) said it would cut the one-year loan prime rate (LPR) to 3.1% ...
China central bank releases slate of support measures amid a …
Sep 24, 2024 · People’s Bank of China Gov. Pan Gongsheng announced a flood of support measures in a rare press conference Tuesday amid a deepening economic slump. Beijing will cut the amount of cash...
China's central bank unveils most aggressive stimulus since …
BEIJING, Sept 24 (Reuters) - China's central bank on Tuesday unveiled its biggest stimulus since the pandemic to pull the economy out of its deflationary funk and back towards the...
China Surprises With Interest Rate Cut After Xi’s Big Meeting ...
Jul 22, 2024 · The People’s Bank of China on Monday cut the seven-day reverse repo rate, a key short-term policy rate, in the first reduction in almost a year. Chinese banks followed the move about an hour...
Xi’s Mystery PBOC Plans Surface With Biggest Shift in Years
Jun 20, 2024 · Pan Gongsheng, governor of the People’s Bank of China, on Wednesday gave the clearest acknowledgment that the monetary authority is looking into trading government bonds in the secondary...
China central bank unexpectedly cuts rates to support sputtering ...
Aug 15, 2023 · The People's Bank of China (PBOC) said it lowered the rate on 401 billion yuan ($55.25 billion) worth of one-year medium-term lending facility (MLF) loans to some financial institutions...
China unveils raft of stimulus measures to boost flagging …
Sep 24, 2024 · People's Bank of China (PBOC) Governor Pan Gongsheng announced plans to lower borrowing costs and allow banks to increase their lending. The move comes after a series of disappointing...
People’s Bank of China Cuts Reserve Requirement to Spur Bank …
Sep 14, 2023 · The People’s Bank of China will allow commercial banks to hold less money in reserve, but businesses and households have been cautious about borrowing.
China's PBOC announces RRR cut as it seeks to boost growth
Jan 24, 2024 · Reserve ratio requirements for banks will be cut by 50 basis points from Feb. 5, which will provide 1 trillion yuan ($139.8 billion) in long-term capital, Pan Gongsheng, the People’s Bank of...