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Results 1 - 10 of 26 for pboc

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  1. PBOC move signals start of a new easing cycle

    Posted Dec 02nd 2011, 12:00am

    ... with the decision to allow banks to lend more abruptly reversing a two-year campaign to cool overheated expansion and surging inflation. The People's Bank of China (PBOC) announced a 50-basis-point cut ... monetary policy'. The PBOC's move came just hours ahead of co-ordinated action by major central banks, including the United States Federal Reserve and the European Central Bank, to ease ...

  2. 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 ...

  3. Public money? There're strings attached

    Posted Dec 06th 2011, 12:00am

    ... of payments works by the same rules in China as it does in the rest of the world. But we won't go into that here. What concerns us at the moment is that the PBOC's foreign assets are one and the same thing as China's foreign reserves. Except in this case, mysteriously, they are not. The first chart tells the story. The red line on top represents the PBOC foreign assets as stated ...

  4. PBOC meeting fails to set target for bank loans

    Posted Jan 05th 2008, 12:00am by Cary Huang

    ... Cary Huang in Beijing The People's Bank of China ended its two-day annual policy-making meeting with a pledge to implement a tight monetary policy, but failed to set a target for bank lending for this year. The central bank hailed the party leadershi ...

  5. PBOC head rules out immediate rate rises

    Posted Jun 07th 2006, 12:00am by Cary Huang

    ... Cary Huang in Beijing More time needed to see effects of April increase, says central bank governor China's central bank governor, Zhou Xiaochuan, has ruled out any immediate plan to raise interest rates, saying the bank needs more time to observe th ...

  6. Forex loss bigger than Olympic bill

    Posted Jan 25th 2008, 12:00am by Tom Holland

    ... mainland monetary policy-making. But that's not the only problem it poses for China's central bankers. After the Fed's latest reduction the PBOC is losing money heavily. That is because it is now paying a higher rate of interest on the money it borrows at home than it earns on the foreign currency bonds it buys with the proceeds. The PBOC's difficulty arises because, ...

  7. 'Forex positions' are war chests of red ink

    Posted Sep 29th 2011, 12:00am

    ... exporters are forced to surrender their US dollar receipts to the People's Bank of China (PBOC) in exchange for yuan, which the PBOC raises largely by slapping a hefty statutory reserve ... reserves over the period. But of course the PBOC will never tell you this. The fiction is that statutory reserve requirements are a tool of monetary control to restrain inflation. The statisticians ...

  8. News - China - MONETARY POLICIES

    China monetary tightening pressure eases off

    Posted Mar 03rd 2013, 12:00am by BLOOM

    ... Inflation to slow this month as food prices not rising as fast, says PBOC adviser Pressure on Beijing to tighten monetary policy and macroeconomic controls is easing as inflation will be "relatively low" this month due to slowing food-price gains, central bank adviser Song Guoqing said yesterday. Compared with January and February, the pressure "has in my view, been ...

  9. Beijing to step up policy fine-tuning

    Posted Aug 06th 2012, 12:00am

    ... and growth ahead of a political transition. The People's Bank of China (PBOC) said it would expand the use of yuan in cross-border settlements, promote the interbank bond market, continue ... the development of the real economy,' the PBOC said on its website. Beijing has pledged to make growth and employment its top priorities for the second half of this year. It has separately cut ...

  10. Tough talk just a screen for cheap way to rig yuan rate

    Posted Jan 18th 2008, 12:00am by Jake Van Der Kamp

    ... below of the PBOC's balance sheet as of November. The biggest single item under assets is 12.2 trillion yuan in net foreign assets, which represents the nation's ballooning foreign ... and there is a good reason for it. These reserves are not kept cold. The reason that the PBOC keeps upping the reserve ratio is to raise cheap money to sterilise the continuing US dollar inflow from ...




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