The People's Bank of China (PBOC), the central bank, on Friday cut the reserve requirement ratio (RRR) of banks, and the benchmark interest rates.
The U.S. Federal Reserve's decision to leave its zero interest-rate policy unchanged has given emerging economies, including China, some breathing room, but the Fed must stay cautious of the havoc a future rate hike could cause.
Chief Executive of the Hong Kong Monetary Authority Norman Chan said Friday that low interest rates environment would not last forever although the U.S. Federal Reserve decided not to raise interest rates.
To raise or not to raise? That is a question for the U.S. Federal Reserve to ponder, but the uncertainty over a potential increase in interest rates has had negative spillover effects in the market.
The People's Bank of China (PBOC), the central bank, announced cutting the reserve requirement ratio (RRR) and lowering key interest rates on Tuesday.
The People's Bank of China (PBOC), the central bank, announced on Tuesday a cut in the reserve requirement ratio (RRR) and lower key interest rates.
Gold futures on the COMEX division of the New York Mercantile Exchange fell Monday as the market continued to price in expectations for a future increase in the U. S. interest rate.
The U.S. Federal Reserve's ultra- low interest rate and quantitative easing policies have widened wealth inequality in the world's largest economy, said Joseph Stiglitz, a Nobel laureate in economics and a professor with the Columbia University.
China's central bank on Sunday announced an interest rates cut starting May 11, the third time since November last year, to bolster the real economy.
The Bank of England (BoE) Wednesday cut its prediction for Britain's economic growth in 2015 from 3.1 percent to 2.9 percent and in 2016 from 2.8 percent to 2.6 percent.
South Korea's top central banker said Tuesday that the central bank will brace for a possible swing in the foreign exchange rate and the difference between local and foreign interest rates that may come from monetary policy changes in major economies.
Chinese banks are under increasing pressure to reform under conventional business structures amid lackluster first-half profit data.
A construction firm in northwest China's Shanxi Province narrowly avoided what could have been the first default in China's interbank bond market, after local authorities and the company repaid principal and interest due on Wednesday.
U.S. Federal Reserve Chair Janet Yellen on Tuesday reiterated that the central bank would continue to implement the current easy monetary policy and should be cautious over raising interest rates, as the U.S economy recovery remains incomplete.
China's central bank is looking to negotiable certificates of deposit (NCDs) as calls for a fully liberalized interest rate grow.
As China prepares to liberalize interest rates, the experiences of the United States and other countries may offer some timely lessons.
A vice governor of China's central bank on Saturday promised "substantial" progress will be achieved in liberalization of deposit interest rates by next year.
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