Benchmark rates may stay stable2023-09-20
China is expected to keep its benchmark lending rates unchanged on Wednesday, experts said, adding that there is still ample space for policymakers to further step up monetary policy easing in the following months.
PBOC cuts bank reserve ratio again to aid recovery2023-09-15
The People's Bank of China, the country's central bank, announced on Thursday the second cut to the reserve requirement ratio this year, signaling that policymakers are decisively ramping up stimulus to reinforce the pickup in economic momentum, experts said.
Banks boost services for private businesses2023-08-30
A dozen Chinese banks, mostly major ones, have rolled out detailed measures to support the development of private enterprises, against the backdrop of Chinese authorities' ramped-up efforts to boost the private sector.
China's one-year LPR drops Monday2023-08-21
China's loan prime rate (LPR), a market-based benchmark lending rate, saw its one-year rate come in at 3.45 percent on Monday, down from the previous reading of 3.55 percent, according to the National Interbank Funding Center.
China cuts interest rates of MLF, reverse repos2023-08-15
China's central bank on Tuesday cut the interest rates of the medium-term lending facility (MLF) and reverse repos, as part of efforts to strengthen counter-cyclical adjustment and stabilize market expectations.