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SHANGHAI — China’s central bank unexpectedly trimmed a closely watched lending rate on Monday, the first such cut in more than four years and a signal to markets that policy makers are ready to act to prop up slowing growth.
WHILE Tuesday’s move by the People’s Bank of China (PBoC) to trim a benchmark for bank funding costs has helped halt a slide in the country’s bonds, market participants see little scope for more robust moves by the central bank that could offer further support.
BEIJING/SHANGHAI — China’s announcement of key interest rate reforms over the weekend fueled expectations of an imminent reduction in corporate borrowing costs in the struggling economy, boosting share prices on Monday.
CHINESE policy makers are holding back from rolling out the big guns of monetary stimulus, keeping options in reserve as the trade standoff with the US risks morphing into a global currency war.
THE PEOPLE’S Bank of China (PBoC) is acting to increase the supply of short-term funding to banks after the seizure of a regional lender rattled domestic markets.
BEIJING — China’s central bank on Monday called for more coordination between the country’s monetary policy, fiscal policy and other policies as Beijing seeks to fend off risks and maintain stable economic growth.
CHINA’S central bank plans to give 10 billion yuan ($1.4 billion) to China Bond Insurance Co. to provide credit support for debt sales by private enterprises, according to people familiar with the situation.