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.
A rate cut, a RRR cut, and further property market measures will support efforts to reach this year’s growth target.
Asian equities were largely higher as Japan closed for the Autumn Equinox.
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 ...
The People's Bank of China (PBOC) plans to set up a swap facility that would give non-bank financial institutions access to ...
The announcement came after recent data suggested the economy remains bogged down by weak domestic demand and an ongoing ...
(Yicai) Sept. 18 -- The People’s Bank of China will introduce additional measures to reduce financing costs for businesses ...
China said it will allow institutional investors to tap central bank financing for stock purchases and is weighing plans for ...
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 ...
Chinese banks maintained their benchmark lending rates for September, as policymakers hold off on further monetary stimulus ...
China’s policy measures fuel a rally in Hang Seng tech stocks, while USD/JPY strength supports Nikkei-listed shares. Mining ...
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China bond yields fell to a record low after the People's Bank of China announced that it will cut the reserve requirement ...
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