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pboc

China's Steady Rates: A Calculated Move Amid Global Shifts

September 22, 2025

China's central bank, the People's Bank of China (PBOC), decided to keep its key lending rates steady for the fourth month in a row. This decision came despite the U. S. Federal Reserve's recent rate cut. The one-year loan prime rate (LPR) remained at 3. 0%, and the five-year LPR stayed at 3. 5%. T

finance

Will China's Stable Interest Rates Revive Its Economy?

January 20, 2025

As the Chinese yuan continues to slip, the country's central bank chose not to alter its benchmark lending rates on Monday. The decision comes as the incoming U. S. President Donald Trump is set to take office, a move that's sparked uncertainty in the financial markets. The People's Bank of China (P

finance

China Stands Firm: No Changes in Loan Rate Despite Yuan Pressure

November 25, 2024

China's central bank, known as the People's Bank of China (PBOC), has decided to keep the medium-term loan rate frozen at 2. 0%. This comes at a time when the yuan, the country's currency, is feeling some heat. The PBOC handed out loans worth 900 billion yuan (that's about $124. 26 billion) to some

business

China's Central Bank: Bold on Boosting Economy

November 6, 2024

At a recent meeting, the People's Bank of China (PBOC) announced they would continue their supportive monetary policy. The bank's governor, Pan Gongsheng, mentioned they would ramp up their efforts to tackle short-term economic hiccups with counter-cyclical policies. This is not the first time Pan h