The The People’s Bank of China (PBOC) announced on Friday that it will cut the reserve requirement ratio (RRR) for all banks by 25 basis points from April 25.. The PBOC has further noted that will trim the RRR by an additional 25 bps for some smaller banks and has indicated that it will free […]
Tag: PBOC
AUD/USD returns above 0.7200
AUD/USD pulled back above 0.7200 on Wednesday to trade at 0.7220, with the Australian dollar outperforming in the G10 space. Hopes for monetary easing from China helped base metals rise across the board. AUD is likely to get support from rising base metals and “remarkably resilient” Consumer Sentiment data. The AUD/USD rallied above its 50-day […]
AUD/USD consolidates above 0.7200, unchanged after mixed China data/PBoC rate cut
AUD/USD remains supported just above the 0.7200 level in thin US holiday trading. The Australian dollar did not respond to mixed Chinese data or the latest PBoC rate cut. The AUD/USD It is currently taking comfort just above the 0.7200 level, with the pair’s 21 and 50 day moving averages at 0.7211 and 0.7205 acting […]
Central bank will implement a management system for financing the real estate sector
The People’s Bank of China (PBOC) said on Monday that it will constantly implement a management system for financing the real estate sector, as reported by Reuters. The central bank stated that it “will use multiple monetary policy tools in 2022 to maintain reasonably ample liquidity.” He indicated that he will “intensify” support for the […]
PBOC cuts RRR bank rate by 50 basis points, AUD / USD rises 20 pips
In a widely anticipated move, the People’s Bank of China (PBOC) cut banks’ Reserve Requirements Index (RRR) by 50 basis points on Monday. Key takeaways from the PBOC statement The reduction of the banks’ mandatory reserve ratio will be effective as of December 15. The rate coefficient is reduced by 50 basis points. The weighted […]
The Chinese economy could see a risk of ‘near-stagflation’
Liu Shijin, adviser to the People’s Bank of China (PBoC), warned on Monday that the Chinese economy could enter a period of “quasi-stagflation”. Featured Comments “The Chinese economy could enter a period of” quasi-stagflation ” with relatively slow growth and excessively high inflation of producer prices “. “Such a scenario is”very likely“If demand remains weak, […]
China may ‘contain’ Evergrande risk – Yi Gang
Chinese authorities are able to contain the risks that could arise from China’s troubled Evergrande Group in the country’s financial system, the Chinese governor said on Sunday. People’s Bank of China (PBOC), Yi Gang, in a virtual meeting of the Group of 30. Featured statements The property developer problem “generates a bit of concern.” “Overall, […]
Evergrande’s risks to the financial system are controllable
Finally, the People’s Bank of China (PBOC) has issued a statement on persistent concerns surrounding the indebted Evergrande Group chino. Featured statements “The PBOC urges developers and shareholders to meet debt obligations.” “China asks banks to maintain stable and orderly loans to real estate.” “Monetary policy will be flexible, specific and appropriate.” “We will keep […]
PBoC promises a “healthy” real estate market
The People’s Bank of China (PBoC) will seek to safeguard the healthy development of the real estate market and protect the legal rights of home buyersBloomberg reports in a key noteworthy report from the central bank’s quarterly meeting on Friday. Additional comments “Intensify efforts to coordinate monetary, fiscal and industrial policies and regulations to support […]
Sun says monetary policy will be flexible, specific, reasonable and appropriate
Reiterating his stance on prudent monetary policy, Sun Guofeng, head of the monetary policy department of the People’s Bank of China (PBOC), has said that the policy is expected to be flexible, specific, reasonable and appropriate. Additional comments I expect the macro leverage ratio to be stable in the second quarter. It will provide a […]