Tag Archives: PBOC
A weaker RMB policy to come
Late on Friday evening, the PBoC announced an earlier-than-expected cut in the one-year benchmark lending rate by 40bp to 5.6% and
China PBOC Suspends Open Market Ops Amid Tightened Liquidity
The People’s Bank of China took the unsurprising step of suspending Tuesday’s open market operations amid some of the tightest liquidity conditions seen so far this year.
RMB policy shifting to neutral
After four months of turmoil in the RMB complex, FX policy seems to be transitioning to a more neutral stance.
The Global Macro Pulse
The USD has weakened slightly. EURUSD has risen above 1.370 from a low of 1.369 earlier. USDJPY remained in a tight range and seemed firmly capped below 101.60.
China PBOC Zhou Says No Stimulus
People’s Bank of China governor Zhou Xiaochuan said that the government will not resort to massive stimulus measures easily, dashing the hopes of some economists and
PBOC Dep Gov: Expect Yuan Flexibility To Increase In Future
The recent depreciation in the value of China’s currency is the result of the slowing pace of its economic growth, and events outside its borders such as the Federal Reserve’s tapering of its asset purchase program,
China PBOC Cuts Net Drain For 3rd Week, Even As Rates Low
The People’s Bank of China cut the volume of funds it removed from the interbank market for the third week, even as interbank market rates continue to bump along low levels not seen in well over a year.
China PBOC Expands Market Ops, Sees Recent Yuan Moves Normal
China PBOC Expands Market Ops To Counter Liquidity Inflows The People’s Bank of China expanded the scope of its efforts to remove liquidity from
A new dove at the Riksbank and CNY under pressure
This morning the Riksbank published Minutes from the February Monetary Policy Meeting. Despite the decision to keep rates was unanimous (we already knew that) we think the Minutes had a clear dovish twist.
PBOC To Allow Higher Yuan Volatility In 2014
The People’s Bank of China plans to expand the yuan’s trading band this year in an “orderly” manner as it moves toward a more convertible currency.
China Regulator Urges Banks To Reduce Short-term Borrowing
China’s banking regulator is pressuring banks to curb reliance on short-term borrowing and control risks from off-balance-sheet lending,