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  1. Business - Economy

    China expected to keep interest rates unchanged

    Posted Mar 20th 2013, 12:00am by Ray Chan

    ... for manoeuvre." Zhou Xiaochuan, who was reappointed PBOC governor by the National People's Congress, raised an alert last week about rising inflation. Zhou said the central bank planned to stabilise ...

  2. P.B.O.C. expected to ease its reserve requirement

    Posted Nov 24th 2011, 12:00am

    ... Jane Cai in Beijing xuejun.cai@scmp.com The People's Bank of China (PBOC) is expected to cut the required reserve ratio (RRR) for five rural credit co-operatives in Zhejiang province ... Reserve ratios for the biggest mainland banks are cuurently at a historic high of 21.5 per cent, as the PBOC tightened its monetary policies to rein in soaring inflation this year. The consumer ...

  3. Prices ease but PBOC aim stays on inflation

    Posted Sep 13th 2011, 12:00am

    ... Celine Sun in Beijing celine.sun@scmp.com The nation's central bank says inflation is still too high despite a slight fall in the consumer price index (CPI) last month, and that cooling prices will continue to be its top priority. In a statement on i ...

  4. PBoC move suggests Beijing still cautious

    Posted May 14th 2011, 12:00am

    ... inflation as it tried to cool prices without choking off growth. Action by PBoC came one day after the National Bureau of Statistics reported a 5.3 per cent rise in the consumer price index ... basis points. The US reserve requirement for banks is 10 per cent. The PBoC raised interest rates twice this year and four times since last year, each a 0.25-percentage-point boost. Most ...

  5. Fed rates pledge spurs PBOC to boost yuan rate against dollar

    Posted Aug 12th 2011, 12:00am

    ... Jane Cai in Beijing xuejun.cai@scmp.com The yuan yesterday strengthened beyond 6.40 to the US dollar for the first time since 1993, bolstered by the United States Federal Reserve's vow to keep interest rates at a record low. The People's Bank of ...

  6. PBOC raises banks' reserve ratio further

    Posted Nov 20th 2010, 12:00am by Staff Reporter

    ... this month will be 5 per cent higher than a year ago. 'The PBOC is under pressure, and it needs to do something to show its determination to tame inflation,' said Lu Ting, a Bank of America ... of the PBOC.' The reserve requirement ratio is the percentage of total deposits that a bank locks up and cannot lend. A higher reserve ratio helps soak up capital to stop it from sloshing around ...

  7. Business - Economy - ECONOMY

    People's Bank of China sounds alarm over inflationary pressures

    Posted Feb 07th 2013, 10:59am by Daniel Ren, Sean Kennedy

    ... The mainland's service sector recorded the fastest growth since August last month as the non-manufacturing purchasing managers' index (PMI) hit 56.2, according to the National Bureau of Statistics. A reading above 50 indicates an expansion of bu ...

  8. PBOC hints at rate cut amid deflation warning

    Posted Feb 24th 2009, 12:00am by Toh Han Shih

    ... are relatively big,' the PBOC said on its website yesterday. 'As external demand softens, it is crucial to lower taxes and interest rates, and relax market controls to stimulate ... in December last year. The PBOC said it would ensure sufficient liquidity and use various tools, including interest rates and reserve requirements, to boost lending and encourage banks to lend ...

  9. PBOC vows to maintain moderate money policy

    Posted Apr 24th 2009, 12:00am by Staff Reporter

    ... and the China Banking Regulatory Commission, which is concerned about rising bad loans. Yi Gang, a deputy governor of the PBOC, said in a statement on the bank's website that lending expansion had ...

  10. PBOC cuts 'fine-tuning' of policy

    Posted Sep 19th 2008, 12:00am by Cary Huang

    ... as it sought to boost an economy threatened by a looming global financial crisis. The PBOC cut the base lending rate 27 basis points and kept the benchmark deposit rates unchanged. It also cut reserve ...




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