Tag Archives: People’s Bank of China
Hang Seng Index Rallies as China’s Central Bank Slashes Rates
On Monday, the Hang Seng Index rose 218 points or 1.25% to close at 17,636, partially recovering from the previous session’s 2.0% decline. The upturn came after the People’s Bank of China (PBoC) unexpectedly cut its key short-term policy rate for the first time in nearly a year, aiming to stimulate economic growth in China. […]
PBOC Maintains Lending Rates, Triggering Broad Selloffs
Understanding PBOC’s Decision to Hold Lending Rates Steady The People’s Bank of China (PBoC) recently announced its decision to maintain lending rates stable, surprising market observers and triggering widespread market downturns. This move, which came amid expectations of further easing, reflects the central bank’s cautious approach towards monetary policy adjustments. Stability in Lending Rates The […]
