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.
New Zealand's central bank cut 25 basis points off its official cash rate (OCR) Thursday and indicated more cuts were likely as economic growth slowed and inflation continued to track near zero.
Australia Prime Minister Tony Abbott will meet with the nation's eight state territory leaders at a retreat in Sydney over Wednesday and Thursday to gain common ground on the future shape of Australia's federation.
At first glance, Sunday's interest cut announced by China's central bank has broad implications for an economy facing significant downward pressure. But it could also make a difference for regular citizens.
At first glance, Sunday's interest cut announced by China's central bank has broad implications for an economy facing significant downward pressure. But it could also make a difference for regular citizens.
The Chinese central bank's decision to cut banks' reserve requirement ratio (RRR) will be good for growth, reduce financing costs, and aid the real economy, analysts believe.
The People's Bank of China (PBoC) last Saturday announced to lower benchmark interest rate for the second time, as well as to raise the ceiling that determines the maximum rate that bank can offer to 1.3 times the benchmark.
The People's Bank of China last Saturday announced to lower benchmark interest rate for the second time, as well as to raise the ceiling that determines the maximum rate that bank can offer to 1.3 times the benchmark.
China's earlier-than-expected interest rate cut will reduce funding costs for enterprises and tackle looming disinflationary risk amid the continued economic slowdown.
Three more U.S. oilfield services companies, all based in the country's oil hub of Houston, on Thursday joined a list of energy firms in cutting jobs and capital spending due to plummeting crude prices.
The universal reserve requirement ratio (RRR) cut starting on Thursday is not the start of a strong stimulus for the economy, a senior official of China's central bank told Xinhua on Thursday.
China's central bank on Wednesday decided to lower the reserve requirement ratio (RRR), the minimum level of reserves banks must hold, by 50 basis points from Feb. 5.
China's liquidity injection may ratchet up investors' confidence in the Chinese stock market as its hot streak loses steam.
Analysts may be divided over possible rate cuts in China's future, but they agree the country's monetary policy going forward will be cautious, with only minor adjustments being made.
Chinese mainland's A-share market extended its rally for the fifth day since last week's rate cut, reigniting flames of hope that a bull market is imminent.
Crude prices dropped Monday as investors speculated that the Organization of Petroleum Exporting Countries (OPEC) may not cut production when the producer group meets this week.
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