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Monday, October 14, 2019

Tag: PBOC

China opposes ‘currency manipulator’ label

The People's Bank of China calls the designation 'wayward unilateralism and protectionism.'

China central bank says will maintain ample liquidity as trade row...

The People's Bank of China (PBOC) said on Saturday it will fine tune monetary policy in a pre-emptive way and control the pace of deleveraging.

Bank Negara and People’s Bank of China renew bilateral currency swap

The agreement was first established in 2009 and renewed in 2012 and 2015.

China faces problem in getting its banks to lend more money

Thanks to the central bank turning on the liquidity taps, the cost for banks to borrow from one another is now lower than the cost to borrow from the People's Bank of China.

China is asking banks to avoid Yuan market ‘herd behaviour’

The central bank has plenty of tools to stabilize the market, which will keep the yuan flexible and allow it to move in both directions.

The yuan at 7 per dollar? No time soon, say China...

Only one of 20 traders and analysts surveyed said the yuan will fall below 7 per dollar in the next three months, a milestone level that was last crossed more than a decade ago.

China is asking banks to avoid yuan market ‘herd behaviour’

The onshore yuan has tumbled due to the escalating trade war and slowing Chinese economic growth.

China banks seen profiting from PBOC’s reserve ratio cut

The People’s Bank of China says it will lower the reserve-requirement ratio on large commercial lenders and some other banks by 1 percentage point, effective April 25.

China’s central bank says centralised virtual currency trade needs to end

In a memo, PBOC vice governor Pan Gongsheng says the government will continue applying pressure to the virtual currency trade.

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