China to cut existing mortgage rates by end of Oct.
China to cut existing mortgage rates by the end of October
China's central bank said on Sunday it would tell banks to lower mortgage rates for existing home loans before Oct. 31, as part of sweeping policies to support the country's beleaguered property market as the economy slows.
People’s Bank of China cuts RRRs and key rates
The People’s Bank of China has cut its main policy rate and its reserve requirement ratios (RRRs) for banks, as part of the economic stimulus package it unveiled earlier this week.
China’s Central Bank Adds to Easing Blitz With Another Rate Cut
The People’s Bank of China delivered another policy rate cut, a day after announcing a slew of monetary easing measures to aid the economy amid concerns that Beijing’s annual growth target is increasingly out of reach.
The People's Bank of China Joins the Rate-Cut Party. Brace for More Stimulus.
China's central bank followed the Federal Reserve's lead by cutting interest rates on Monday. It also revealed it's planning to hold a rare briefing on the economy, sparking gossip about whether Beijing could be about to push the boat up in a bid to boost growth.
China Central Bank Cuts Seven-Day Reverse Repo Rate to Aid Economy
SHANGHAI (Reuters) -China's central bank said on Friday it was lowering the borrowing cost of its seven-day reverse repurchase agreements, as part of the biggest stimulus package since the pandemic unveiled by Beijing this week to support the economy.
People’s Bank of China cuts medium-term lending rate
The People’s Bank of China (PBoC) said in a statement that it was cutting the rate on 300 billion yuan ($42.6 billion) of one-year medium-term lending facility (MLF) loans from 2.30% to 2.00%. The 30 basis point cut was the biggest since the central bank began using the monetary tool to guide market interest
China tells banks to start cutting rates on existing mortgages
The People's Bank of China (PBOC) told commercial banks on Sunday to start lowering interest rates on all existing housing loans, in a sweeping move to help lighten the mortgage burden on households hit by a slowing economy.
China Central Bank Directs Mortgage Rate Cuts to Revitalize Property Market
Chinas central bank announced on Sunday that it will instruct commercial banks to reduce mortgage rates for existing home loans before October 31. This is part of a broader effort to support the countrys
China has cut rates, now it needs a fiscal policy package: former central bank adviser
Outspoken economist Yu Yongding calls for more infrastructure investment ‘or we won’t meet this year’s 5 per cent growth target’.
Druckenmiller is staying out of China, shorting U.S. bonds
Billionaire investor Stanley Druckenmiller said he is shorting U.S. bonds (TLT) and staying out of the Chinese equities’ (HSI ...
The Economist8d
China’s central bank tries to save the economy—and the stockmarket
A s China’s economy has descended into deflation, the central bank’s lack of urgency has been a source of frustration for ...
People's Bank of China
Use precise geolocation data. Actively scan device characteristics for identification. Store and/or access information on a ...
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 ...
Stanley Druckenmiller says he’s shorting U.S. bonds and staying out of China
Billionaire investor Stanley Druckenmiller said he has “no interest” in China under Xi Jinping and said he won’t be voting ...
China’s Central Bank Adds to Easing Blitz
The People’s Bank of China delivered another policy rate cut, a day after announcing a slew of monetary-easing measures.
China's stock surge has echoes of the 2015 bubble. What's different this time
Over six months from 2014 to 2015, the Chinese stock market doubled in value, while leverage climbed, Aaron Costello, ...
China's central bank buys 200 billion yuan of sovereign bonds in September
The Chinese central bank said on Monday it had bought 200 billion yuan ($28.52 billion) of the country's government bonds in ...