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  1. Business - Banking & Finance

    Amid China market stand off, calls for a more transparent central bank

    Posted Jun 24th 2013, 10:59am by Reuters

    ... Reuters in Beijing PBOC let short-term interest rates spike to extraordinary levels over past week as it refused to inject funds into money markets China’s central bank rarely explains its ... (PBOC) let short-term interest rates spike to extraordinary levels this past week as it refused to inject funds into money markets. Some observers saw it as an attempt to force banks to stop ...

  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 chief says inflation will push up interest rates

    Posted Mar 12th 2011, 12:00am by Cary Huang

    ... there was now less room for such moves. 'The PBOC might choose other more flexible tools such as bills to drain liquidity,' he said. Zhou rejected suggestions that the government would make ...

  7. 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 ...

  8. PBOC warns of US policy's global impact

    Posted Nov 06th 2010, 12:00am by Celine Sun

    ... Jane Cai and Celine Sun in Beijing The Federal Reserve's move to inject money into the US economy may suit the United States, but it will have side effects for the global economy, China's central bank governor warned yesterday. Zhou Xiaochuan, h ...

  9. PBOC issues 100b yuan in notes to curb lending growth

    Posted Jul 25th 2009, 12:00am by Staff Reporter

    ... months despite some 'gentle' attempts by the PBOC to mop up liquidity. President Hu Jintao told top decision-makers in a Politburo meeting on Thursday the country would maintain its ...

  10. 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 ...




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