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PBOC

China Frees Banks to Lend More, Cuts Key Interest Rate

Tuesday, 24 September 2024 15:17 WIB | Root

China’s central bank has announced a sweep of support for the economy, as pressure mounts on authorities to unleash stimulus and hit this year’s growth target of around 5%. China will help banks boost lending to consumers, cut its key short-term interest rate, and lower the mortgage rate for...

Chinese Banks Hold Lending Rates With Yuan Under Pressure

Monday, 22 April 2024 15:26 WIB | Root

Banks in China maintained their benchmark lending rates on Monday, following the Chinese central bank’s recent decision to stand pat on monetary policy. The one-year loan prime rate was held at 3.45%, in line with almost all of the forecasts from economists surveyed by Bloomberg News....

Chinese Banks Hold Lending Rates as PBOC Refrains From Easing

Wednesday, 20 March 2024 15:13 WIB | Root

Chinese banks maintained their benchmark lending rates on Wednesday, following the central bank’s recent decision to stand pat on monetary policy. The one-year loan prime rate was held at 3.45%, in line with almost all of the 22 forecasts from economists surveyed by Bloomberg. The...

Chinese Banks Disappoint With Smaller Lending Rate Cuts

Monday, 21 August 2023 15:12 WIB | Root

Chinese banks made a smaller-than-expected cut to their benchmark lending rate on Monday and avoided trimming the reference rate for mortgages. The one-year loan prime rate was lowered by 10 basis points to 3.45% from 3.55%. Most of the economists surveyed by Bloomberg had...

China Cuts Lending Benchmarks For First Time In 10 Months To Support Economy

Tuesday, 20 June 2023 16:06 WIB | Root

China cut its lending benchmarks on Tuesday in the first such easing in 10 months, as authorities seek to shore up a slowing recovery in the world's second-largest economy, with more stimulus expected. The latest monetary easing comes as China's post-pandemic recovery shows signs of losing steam...

China Nov New Bank Loans Jump to 1.21 Trillion yuan, Below Forecast

Tuesday, 13 December 2022 00:26 WIB | Root

New bank lending in China rebounded less than expected in November from the previous month, as the central bank seeks to bolster slowing growth in the world's second-biggest economy. Chinese banks extended 1.21 trillion yuan ($173.48 billion) in new yuan loans in November, nearly doubling...

China Central Bank Fully Rolls Over Medium-Term Policy Loans, Rate Unchanged

Monday, 17 October 2022 15:44 WIB | Root

China's central bank rolled over maturing medium-term policy loans while keeping the interest rate unchanged for a second month on Monday, matching market expectations. The People's Bank of China (PBOC) said it was keeping the rate on 500 billion yuan ($69.55 billion) worth of one-year...

Bank China Pertahankan Suku Bunga Pinjaman Tidak Berubah Ditengah Seruan Untuk Pelonggaran

Monday, 21 March 2022 16:07 WIB | Root

Bank-bank China mempertahankan biaya pinjaman tidak berubah pada hari Senin (21/3), sesuai dengan ekspektasi, karena fokus bergeser ke kemungkinan langkah-langkah pelonggaran lainnya dari bank sentral setelah para pemimpin berjanji untuk meningkatkan ekonomi. Suku bunga pinjaman satu tahun...