PBoC, China
PBoC moves to cut mortgage rates by end-October
The AUD/USD pair extends its upside to around 0.6910 during the early Asian session on Monday. The rising bets for another oversized interest rate cut by the Federal Reserve in November weigh on the US dollar. The Chinese Purchasing Managers Index reports for September are due later on Monday.
China PBOC Cuts Key Policy Rate
China’s central bank cut a key policy rate just one day after announcing several monetary easing measures to boost lending amid concerns that Beijing might miss its official annual growth target this year.
China Market Update: PBOC Cuts With More To Come, Buybacks Roll On
Asian equities were largely higher as Japan closed for the Autumn Equinox.
China to cut existing mortgage rates by end-Oct, cities ease home-buying curbs
China's central bank said on Sunday it would tell banks to lower mortgage rates for existing home loans before Oct. 31, as part of sweeping policies to support the country's beleaguered property market as the economy slows.
China Moves to Cut Mortgage Rates to Revive Housing Market
China took steps to lower borrowing costs on as much as $5.3 trillion in mortgages for millions of families in its latest attempt to shore up the troubled property sector.
China's top banks to tweak mortgage rates to boost housing market
Six of China's biggest banks said they would tweak interest rates on existing mortgages following a request to lower them from Beijing's central bank, state media said Monday, as the
China tells banks to start cutting rates on existing mortgages
The People's Bank of China (PBOC) told commercial banks on Sunday to start lowering interest rates on all existing housing loans, in a sweeping move to help lighten the mortgage burden on households hit by a slowing economy.
China Central Bank Directs Mortgage Rate Cuts to Revitalize Property Market
Chinas central bank announced on Sunday that it will instruct commercial banks to reduce mortgage rates for existing home loans before October 31. This is part of a broader effort to support the countrys
PBOC Ramps Up Net Purchases of Sovereign Bonds in September
China’s central bank said it bought a net 200 billion yuan ($28.5 billion) of bonds from dealers in September, surpassing the ...
The PBOC Has Unveiled A Monetary Policy Easing Package In A Bid To Support Growth
A rate cut, a RRR cut, and further property market measures will support efforts to reach this year’s growth target.
Central Banking6d
PBoC unveils major stimulus package
The announcement came after recent data suggested the economy remains bogged down by weak domestic demand and an ongoing ...
PBOC to set up US$71 billion swap facility to prop up stock market
The People's Bank of China (PBOC) plans to set up a swap facility that would give non-bank financial institutions access to ...
Yicai Global13d
PBOC to Roll Out More Policies to Boost Liquidity, Official Says as Key Economic Gauges Dip in August
(Yicai) Sept. 18 -- The People’s Bank of China will introduce additional measures to reduce financing costs for businesses ...
CoinDesk on MSN7d
First Mover Americas: Bitcoin Little Changed in Face of PBOC Rate Cut
This article originally appeared in First Mover, CoinDesk’s daily newsletter, putting the latest moves in crypto markets in ...
FXStreet4d
PBOC: Decision to lower RRR is equivalent to providing long-term low-cost funds for banks
The People’s Bank of China (PBOC) said in a statement on Friday, “ the decision to lower RRR is equivalent to providing long-term low-cost funds for banks.” The impact of the recently ...
Time5d
China’s Bold Stimulus Measures Won’t Save Its Flagging Economy
After months of business leaders and economists urging action, the People’s Bank of China (PBoC)—the central bank of the world’s second biggest economy—finally acquiesced, unleashing a ...
China’s Banks Maintain Key Lending Rates as PBOC Stays Put
Chinese banks maintained their benchmark lending rates for September, as policymakers hold off on further monetary stimulus ...
China's central bank buys 200 bln yuan of sovereign bonds in September
The Chinese central bank said on Monday it had bought 200 billion yuan ($28.52 billion) of the country's government bonds in open-market operations in.