PBOC Extends Easing Measures in Order to Shore up Ailing Economy

The Central Bank of China decided to lower reserve requirement ratio for small and medium-sized commercial banks unlocking about 400 billion yuan ($ 56.38 billion) of liquidity to shore up the economy damaged by costly lockdowns. The People’s Bank of China said on its website that it would reduce the required reserve ratio for banks […]

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Sudden PBOC Easing Tweak Puts the Specter of Debt Crisis into the Foreground

The specter of the China debt crisis, which for some time dropped off market radar due to the shifting of the epicenter of Covid-19 outbreak outside the country, again reminded about itself after the central bank unexpectedly took stabilization measures. PBOC has unexpectedly increased banks’ reserves by 50 billion yuan this morning through repos and […]

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PBOC sets yuan parity at 6.8633 vs dollar, HK overnight rate surges

Yuan parity Investing.com – The People’s Bank of China set the yuan mid-point at 6.8633 against the dollar on Wednesday, after a two-day holiday, compared to the previous close of 6.8525. Hong Kong’s overnight yuan borrowing rate jumped to the highest point in nearly five months in the trading day, with the Interbank Offered Rate […]

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