PBoC cuts one-year Medium-term Lending Facility rate to 2.0% from 2.30%
The People's Bank of China (PBOC) cut the one-year Medium-term Lending Facility (MLF) rate from 2.30% to 2.0% on Thursday. The one-year MLF was last cut in July 2024, from 2.50%. On Tuesday, PBoC Governor Pan Gongsheng said during a press conference that China will cut the amount of the reserve requirement ratio (RRR) by 50 basis points (bps).
China's yuan briefly rose to its strongest level in over a year after Beijing unveiled a slate of stimulus measures to shore ...
China's yuan surged to its strongest level in over 16 months on Wednesday as investors reacted to a series of stimulus ...
The PBOC plans to set up a swap facility that would give financial institutions access to at least US$71 billion in funding ...
Alibaba is well-positioned to benefit from PBOC's recent monetary measures due to its strong share buyback program and ...
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PBOC stimulus sparks gains across Asian stocks and European futuresChina’s central bank, the PBOC, has announced a series of stimulus measures that have sent Asian stocks skyrocketing and are ...
Bitcoin (BTC) started to pare weekly gains early Tuesday, falling to $62,700 after reaching a nearly one-month high of ...
A rate cut, a RRR cut, and further property market measures will support efforts to reach this year’s growth target.
Caroline Ellison, the former boss of the trading firm through which FTX gambled billions of dollars in customer funds, has been sentenced to two years in prison, after aiding prosecutors in the ...
The People’s Bank of China (PBoC) set the USD/CNY central rate for the trading session ahead on Wednesday at 7.0202, as compared to the previous day's fix of 7.0510 and 7.0212 Reuters estimates.
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