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People’s Bank of China (PBOC)
China Focus
China’s PBOC dials back support for yuan as currency steadies
China’s central bank set its daily reference rate for the yuan broadly in line with expectations for the first time in over a year
August 21, 2024
China Focus
PBOC studies plan to narrow rate corridor, warns on bond risks
The PBOC is considering how to “reasonably” narrow the rate corridor, according to a quarterly monetary policy report.
August 09, 2024
Global Economy
Briefs: China unexpectedly cuts one-year policy rate by most since 2020; NTUC Enterprise remains 'fully committed'
In other news this week: US yield curve steepens as Fed rate cuts loom; S&P 500 snaps longest streak.
July 25, 2024
China Focus
China unexpectedly cuts one-year policy rate by most since 2020
The central bank lowered the rate of medium-term lending facility by 20 basis points to 2.3%.
July 25, 2024
Gold
China’s PBOC keeps gold buying on hold for second month
Bullion held by the People’s Bank of China was unchanged at 72.8 million troy ounces at the end of last month.
July 07, 2024
China Focus
China’s central bank hints at reserve ratio cut for lenders
Economists polled by Bloomberg in December forecast a 25-basis point cut to the reserve requirement ratio in 1Q2024.
January 09, 2024
China Focus
China names foreign exchange veteran as PBOC Deputy governor
Lu Lei, 53, replaces Liu Guoqiang, who has been a deputy governor of PBOC since 2018.
December 27, 2023
Sustainability
MAS and People's Bank of China establish green finance taskforce
The taskforce will deepen bilateral cooperation in green and transition finance between both countries, says MAS.
April 21, 2023
China Focus
China cuts reserve requirement ratio to boost economy
The timing of the cut could be due to concerns that credit growth could slump in April.
March 18, 2023
China Focus
How will the digital renminbi change China?
By replacing China’s physical notes and coins, the eRMB will save the PBOC the costs of printing and circulating new currency.
May 28, 2021