All articles tagged with #pboc
China’s central bank has purchased gold for 23 consecutive months, with September’s 21-tonne addition marking the largest monthly increase in three years. This institutional buying coincides with record retail imports, as Chinese households seek safe-haven assets amid a weak property market and low bond yields. The surge in demand is helping support global gold prices despite high U.S. interest rates.
The People’s Bank of China kept the one-year LPR at 3.0% and the five-year LPR at 3.5%, marking an 11th consecutive month with no change as policymakers weigh external risks from Middle East tensions and higher energy prices against resilient domestic growth and easing deflation. With Q1 growth around 5% and inflation firming, authorities signal a wait‑and‑see approach, aiming to support growth while maintaining currency stability and a moderately loose policy stance.
China's central bank left its benchmark lending rates unchanged for the tenth straight month, keeping the 1-year LPR at 3% and the 5-year LPR at 3.5% while signaling tolerance for a gradually stronger yuan as it seeks to support a slowing economy and shift toward services demand. The yuan has firmed recently, and authorities hope this currency appreciation will coexist with export pressures amid a weak consumer outlook and ongoing real estate weakness.
China’s central bank left the 1-year and 5-year loan prime rates at 3% and 3.5% for an eighth straight month as growth slows to 4.5% in Q4 2025; authorities emphasize targeted support over broad easing, with moves to lower funding costs for relending facilities, expand loans to private firms and tech sectors, and lower the minimum down payment on commercial mortgages to 30% to bolster a weak domestic demand and persistent deflation.
China's central bank, PBOC, has committed to preventing the yuan from overshooting its target exchange rate, signaling a cautious approach to currency appreciation amid predictions of further strengthening in 2026, while maintaining exchange rate flexibility and stability to manage economic rebalancing and trade tensions.
The Chinese yuan has surpassed 7 per dollar for the first time since September 2024, driven by expectations of gradual appreciation by China's central bank, a weakening US dollar, and increased foreign investment, with analysts predicting it will remain strong in the near term.
China's central bank kept its benchmark lending rates steady for the seventh consecutive month despite weak economic indicators and a prolonged slump in the property market, as the country faces deflationary pressures and aims to support growth through government bonds and policy measures.
Cryptocurrencies, led by Bitcoin and Ether, experienced a sharp decline amid ongoing selloff concerns, with Bitcoin dropping below $88,000 and traders wary of further declines towards $80,000, amid regulatory warnings and weak inflows into Bitcoin ETFs.
China kept its benchmark lending rates unchanged in September for the fourth consecutive month amid easing trade tensions and signs of domestic economic slowdown, reflecting a cautious monetary policy stance despite recent stock market gains and weak economic data.
China's central bank kept its benchmark lending rates unchanged for the fourth consecutive month despite the U.S. Federal Reserve's rate cut, signaling a cautious approach amid mixed economic signals and recent stock market rally, with expectations of slight easing later in the year to meet growth targets.
People’s Bank of China Governor Pan Gongsheng envisions a future global monetary system with multiple competing currencies, reducing reliance on the US dollar, and promoting the internationalization of the yuan through financial reforms and market opening measures, amidst waning confidence in the dollar and discussions on a multi-polar currency system.
China plans to cut interest rates and the reserve requirement ratio (RRR) next year to stimulate economic growth, according to Wang Xin from the People's Bank of China. The central bank aims to increase monetary and credit supply, with room to reduce the RRR from its current 6.6%. This move comes as China's credit expansion slowed in November, highlighting economic challenges. Additionally, China will adopt more proactive fiscal policies, including increasing the fiscal deficit and issuing more government bonds, to boost growth and consumption.
China's central bank, the People's Bank of China (PBOC), has resumed its gold purchasing, increasing its holdings to 72.96 million fine troy ounces by the end of November. This marks a shift from earlier in the year when the PBOC halted buying due to price sensitivity after gold prices rose above $2400. The renewed buying suggests a continued effort to diversify away from US dollars, and it is expected to positively impact gold prices, especially during this favorable seasonal period for gold.
China's central bank, the People's Bank of China (PBOC), has kept its medium-term lending facility (MLF) rate unchanged at 2.0% to stabilize the yuan, which has weakened following the U.S. presidential election. This decision aligns with market expectations and allows for policy flexibility amid tight commercial bank margins and a strong U.S. dollar. Analysts predict the MLF rate will remain steady this year, with potential reductions in the future. The PBOC is also considering further cuts to the reserve requirement ratio to balance economic revitalization and exchange rate stability.
China's central bank, the PBOC, continued its gold buying streak for the 17th consecutive month in March, contributing to the surge in gold prices to a record high. The bank's gold reserves increased to 72.74 million fine troy ounces, as reported in official data released on Sunday.