PBOC

Shares of Baidu Inc (NASDAQ:BIDU) surged 6.15% to $93.71 Tuesday afternoon, benefiting from the sweeping monetary stimulus announced by the People’s Bank of China (PBoC). The central bank's decision to aggressively cut both the reserve requirement ratio (RRR) and policy rates injected new...

The People's Bank of China is contemplating a major overhaul of its monetary policy, aligning it more closely with the U.S. Federal Reserve's model. The People’s Bank of China is contemplating a major overhaul of its monetary policy, aligning it more closely with the U.S. Federal Reserve...

Pan Gongsheng, governor of the Chinese central bank, People’s Bank of China, dismissed the idea that its bond trading is a form of massive monetary easing. What Happened: Gongsheng clarified that the bond trading would be a liquidity management tool involving both buying and selling, the Wall...

In a bid to stabilize the yuan and manage liquidity, the People’s Bank of China has decided to keep its key interest rate unchanged for the tenth consecutive month. What Happened: The PBOC has maintained the one-year policy loan rate, also known as the medium-term lending facility rate, at 2....

China aggressively increased its gold acquisitions, driving the global price of the metal to its highest levels ever in April 2024, according to data recently released by the World Gold Council. China’s gold reserves now represent 4.6% of its total financial reserves, a substantial increase...

The People’s Bank of China (PBoC) continues to send waves of uncertainty through the market. The central bank executed a 10-basis-point cut to its 1-year loan prime rate (LPR), setting it at an unprecedented low of 3.45%. Interestingly, the PBoC chose to leave the 5-year LPR—the reference...

The People's Bank of China unexpectedly reduced the one-year medium-term lending facility rates by 15 basis points to 2.5% Tuesday, signaling a proactive stance to support its economy against mounting challenges. The decision comes as China grapples with the dual threats of a deepening property...

China’s central bank  People’s Bank of China (PBOC) has unexpectedly slashed important policy rates for the second time in three months. According to Reuters, the PBOC made this decision to support the nation’s struggling economic recovery. The move paves the way for a...

Pan Gongsheng, a well-known critic of Bitcoin (CRYPTO: BTC), Ether (CRYPTO: ETH) and other cryptocurrencies, has been appointed as the leading official of the People's Bank of China (PBOC) by the Communist Party of China. What Happened: Quoting a Wall Street Journal report, The Block...

China is reportedly sitting on a $6 trillion pile of money, half of which is “hidden,” posing a new kind of risk to the global economy, according to Brad Setser, a former US trade and Treasury official. The “Shadow Reserves” Setser states that a significant portion of China...

China is reportedly mulling a comprehensive set of stimulus measures in response to mounting pressure on the Xi Jinping-led government to revive the world’s second-largest economy. What Happened: Sources familiar with the matter told Bloomberg that the stimulus proposals, drafted by...

CNBC’s Jim Cramer took to Twitter to express his frustration with the monetary policy stance of the Federal Reserve. What Happened: Cramer criticized the recent decision by the Peoples Bank of China to further lower deposit rates, describing it as a “pathetic move.” He suggested...