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China Cuts Interest Rates and Mortgage Down Payments
The country’s central bank also freed commercial banks to lend more money in a package of moves aimed at rekindling growth in a stagnant economy.
China's Central Bank to Cut RRR, Key Rate, Mortgage Rates, Governor Says
People's Bank of China Governor Pan Gongsheng, speaking at a rare briefing Tuesday in Beijing, announced a sweep of measures to shore up the economy and the beleaguered property market. The central bank will boost banks' lending to consumers and corporates,
China’s central bank cuts rates and eases policy to boost property sector
China’s central bank has cut its benchmark interest rate as part of a broad set of easing measures to boost the world’s second-largest economy as it risks missing growth targets this year.People’s Bank of China governor Pan Gongsheng on Tuesday said the short-term seven-day reverse repo rate,
3d
on MSN
China central bank releases slate of support measures amid a deepening economic slump
People's Bank of China Governor Pan Gongsheng is set to speak to reporters Tuesday alongside two other financial regulator ...
11h
China cuts banks' reserve ratio by 50 bps as economic growth sputters
People's Bank of China (PBOC) said it would cut the reserve requirement ratio (RRR) for all banks, except those that have ...
3d
China’s Central Bank Chief Is Task Master Xi Couldn’t Let Retire
Pan Gongsheng was axed from the Communist Party’s inner web last year. Then a slew of economic problems hit and the ...
3d
on MSN
Asia-Pacific markets climb with China's central bank in focus; S&P and Dow set fresh records
The People's Bank of China will hold a press conference at 9 a.m. local time after cutting a short-term lending rate.
3d
Xi’s Economic Adrenaline Shot Is Only Buying China a Little Time
First he took a sip of tea to gather his composure. Then Chinese central banker Pan Gongsheng unleashed one of the country’s ...
2d
on MSN
The Chinese yuan surged to a 16-month high, but Beijing may not be happy about it
The US dollar to offshore Chinese yuan, or CNH rate fell to as low as 6.9951, the first time it breached the 7 per dollar ...
NBC Los Angeles
3d
China 10-year bond yield hits record low after PBOC signals more easing
China bond yields fell to a record low after the People’s Bank of China announced that it will cut the reserve requirement ...
3d
China unveils raft of measures to boost economy
China's central bank has unveiled a major package of measures aimed at reviving the country's flagging economy. People's Bank ...
ThePrint
2d
Stocks, yuan, copper rise after China unveils stimulus
A global stock index rose to a record high and copper prices hit their strongest level in 10 weeks on Tuesday after China ...
devdiscourse
3d
China Implements Monetary Stimulus to Combat Deflation and Spur Growth
China's central bank introduced monetary stimulus and property market support in response to deflationary pressures and ...
Las Vegas Sun
3d
Stock market today: World shares gain as China unveils moves to aid economy
World shares have advanced, with Chinese markets logging the biggest gains after Beijing announced a slew of measures to support the faltering economy ...
7h
China stimulus revives hopes for economy, CSI 300 Index sees best week since 2008
China's fresh stimulus measures went into effect on Friday, in line with central bank governor Pan Gongsheng's comments ...
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