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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.
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.
BEIJING: China’s central bank officials said they will accord priority to environmental, social and governance (ESG)-themed investments henceforth and see the national carbon trading mechanism as key to implementing the country’s green and low-carbon development strategy, thus encouraging injection of long-term social funds into the huge market.
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