Tag: People’s Bank of China
China’s Central Bank to Cut Key Policy Rates by 25 Basis...
China will reduce interest rates across several structural monetary policy tools by 25 basis points and significantly expand funding aimed at supporting technological innovation,...
China Turns the Digital Yuan Into an Interest-Bearing Currency
China’s central bank is preparing to introduce a major update to its digital yuan framework, allowing commercial banks to offer interest on e-CNY wallet...
China Signals Next Phase of Digital Yuan With Action Plan
China’s central bank is set to release an action plan outlining how the digital yuan will be managed, according to the Financial Times, a...
China Likely to Keep Rates Unchanged for Seventh Month Despite Slowdown
China is widely expected to keep its benchmark lending rates unchanged for a seventh straight month in December, according to a Reuters survey, despite...
China Cracks Down Again After Crypto Hype Returns
The People’s Bank of China has renewed its warning against cryptocurrency activity, stressing that the national crypto ban remains fully in force. The central...
China Likely to Keep Benchmark Lending Rates Steady Despite Fed Cuts
China is expected to keep its benchmark lending rates unchanged for the fourth straight month on Monday, according to a Reuters survey. The move...
