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Business 20 Mar 2018 | 12:00 AM

Incoming PBoC chief set to maintain Zhou’s reform

BEIJING: China’s incoming central bank governor, Yi Gang, signaled that he’ll push to maintain the course of financial liberalisation set by his predecessor Zhou Xiaochuan.

Economy 22 Feb 2019 | 12:00 AM

PBoC sees benchmark rate cut as last resort, may use other tools

BEIJING: China’s central bank is not yet ready to cut benchmark interest rates to spur the slowing economy, despite cooling inflation and a stronger yuan, which have fanned market expectations of such a move, policy sources told Reuters.

Banking 28 Dec 2018 | 12:00 AM

China’s PBoC pledges prudent monetary policy and a stable yuan

BEIJING: China’s central bank says it will maintain a prudent monetary policy and keep the Chinese currency basically stable while offering “reasonably ample” liquidity to the market.

Business 14 Mar 2018 | 12:00 AM

More power to PBoC

SHANGHAI: China is giving its central bank the power to write the rules for the financial sector, as part of a sweeping overhaul aimed at closing regulatory loopholes and curbing risk in the US$43 trillion banking and insurance industries.

Business 26 Jan 2017 | 12:00 AM

PBoC holds open-market rates

SHANGHAI: China’s central bank refrained from raising interest rates in its open-market operations, easing concern that it would tighten further after increasing the cost of medium-term loans on Tuesday.

Business 13 Sep 2016 | 12:00 AM

Top China planner and PBOC square off over policy action

BEIJING: Strong comments from China’s top state planner that the economy needed more support was most likely aimed at persuading the central bank to take bolder policy action

Business 02 Jul 2016 | 12:00 AM

Yuan hits fresh 5½-year low, PBoC on sidelines

SHANGHAI: The yuan closed weaker against the US dollar, touching a fresh 5½-year low on concerns that the central bank would tolerate a further weakening of the currency to support the slowing economy.

Business 12 Jul 2019 | 12:00 AM

What Powell’s rate cut signal means for PBoC

BEIJING: The unmistakable signal from US Federal Reserve chairman Jerome Powell that a rate cut is imminent hands China more room to manoeuvre in easing its own monetary policy. The question is on which tool to use.