File photo shows an exterior view of the People’s Bank of China in Beijing, capital of China. [Photo/Xinhua] BEIJING – China’s central bank on Thursday lowered the medium-term lending facility (MLF) interest rate to decrease the borrowing costs of the real economy. The People’s Bank of China (PBOC) on Thursday also pumped 200 billion yuan … Continue reading China lowers MLF interest rate to reduce financing costs
Tag: Central Bank
China’s central bank lowers collateral requirement for medium-term lending facility
Headquarters of the People’s Bank of China (PBOC), the central bank, is pictured in Beijing. [Photo/IC] BEIJING — China’s central bank said on Monday that it will lower the collateral requirement for medium-term lending facility (MLF) loans starting from this month. The move aims to increase the size of tradable bonds and ease the pressure … Continue reading China’s central bank lowers collateral requirement for medium-term lending facility
China’s central bank conducts reverse repos Tuesday
A Chinese clerk counts renminbi yuan banknotes in Nantong, East China’s Jiangsu province. [Photo/IC] BEIJING – China’s central bank conducted 676 billion yuan ($94.77 billion) of seven-day reverse repos at an interest rate of 1.8 percent Tuesday. The move aims to offset the impacts of tax period and keep liquidity reasonable and ample in the … Continue reading China’s central bank conducts reverse repos Tuesday
China to keep monetary policy accommodative: central bank governor
SHANGHAI — China will continue to keep its monetary policy accommodative and strengthen counter-cyclical and inter-temporal adjustments, the central bank governor said Wednesday. The move will help facilitate economic recovery and create a favorable monetary and financial environment for economic and social development, said Pan Gongsheng, governor of the People’s Bank of China, at the … Continue reading China to keep monetary policy accommodative: central bank governor
China’s central bank to enhance implementation of monetary policies
Headquarters of the People’s Bank of China (PBOC), the central bank, is pictured in Beijing. [Photo/IC] BEIJING — China’s central bank on Wednesday pledged efforts to enhance the implementation of a slew of monetary policies — in order to effectively stimulate the economy. The bank will appropriately increase the relending and rediscount quota for small … Continue reading China’s central bank to enhance implementation of monetary policies
China still has room for RRR reductions: central bank
A woman shows banknotes and coins included in the 2019 edition of the fifth series of the renminbi. [Photo/Xinhua] BEIJING – A Chinese central bank official said Thursday that the country had ample monetary policy space and options, and there was still room for further reserve requirement ratio (RRR) cuts. The central bank will work … Continue reading China still has room for RRR reductions: central bank