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Chinese equities jump as central bank rolls out support for the stock market
Chinese stocks rallied Friday for the first time in four days as the central bank rolled out promised support for the stock market.
Chinese Stocks Rally on Fresh Central Bank Support
China's stimulus came more into focus on Friday—and stock markets liked it. Mainland China's CSI 300 Index and Hong Kong’s Hang Seng Index both gained 3.6% after People’s Bank of China Governor Pan Gongsheng said the central bank could cut lending rates again as soon as Monday.
China rolls out $112 billion funding schemes to bolster stock market
China's central bank kicked off two funding schemes on Friday, that will initially pump up 800 billion yuan ($112.38 billion) into the stock market through newly-created monetary policy tools. The People's Bank of China (PBOC) spelt out operational details of the swap and relending schemes first announced in late September,
China’s central bank launches $112 billion schemes to boost stock market
China’s central bank unveiled two new funding schemes on Friday, aiming to inject as much as 800 billion yuan ($112.38 billion) into its stock market. These initiatives, introduced by the People’s Bank of China (PBOC),
China Central Bank Launches 800 Billion Yuan Funding to Boost Stock Market Stability
Chinas Central Bank Initiates 800 Billion Yuan Funding Schemes On Friday, the Peoples Bank of China (PBOC) launched two significant funding schemes, injecting up to 800 billion yuan ($112.38 billion) into the
China kicks off $112 billion funding schemes to support stock market
China's central bank kicked off two funding schemes on Friday that will initially pump 800 billion yuan ($112.38 billion) into the stock market through newly-created monetary policy tools. The People's Bank of China (PBOC) spelt out operational details of the swap and relending schemes first announced in late September,
7h
on MSN
India's central bank lifts restrictions on JM Financial's non-banking unit
JM Financial said on Friday that the Reserve Bank of India has lifted the ban on one of its units, allowing it to resume ...
1d
on MSN
European Central Bank, seeing no signs of recession, cuts interest rates again
The European Central Bank, which sets interest rates for the 20 countries that use the euro currency, is not expecting the ...
1d
European Central Bank cuts its main interest rate by a quarter-point to 3.25% as inflation falls below its target
European Central Bank cuts its main interest rate by a quarter-point to 3.25% as inflation falls below its target ...
20h
Tunisian MPs propose bill stripping central bank of exclusivity on interest rates, ending its independence
Tunisia's central bank will no longer have the exclusive power to adjust interest rates or foreign exchange policy, and must ...
1d
Analysis-Brazil Eyes Closer Regulatory Cooperation With New Central Bank Leadership
The Finance Ministry sees the central bank as the natural regulator for the payment system. But the bank has resisted taking ...
1d
Weak Economy Prompts European Central Bank to Cut Rates Again
Policymakers who set interest rates for the 20 countries that use the euro have lowered rates in back-to-back meetings for ...
17h
on MSN
Indian central bank's persistent intervention helps rupee avert sharp losses, traders say
The Indian central bank's persistent dollar sales on Friday have helped the rupee avert sharp losses amid sustained outflows ...
14h
ECB’s Rehn to Seek Another Term as Head of Finnish Central Bank
European Central Bank Governing Council member Olli Rehn is seeking a second seven-year term as the governor of Finland’s ...
9h
on MSN
As Global Debt Explodes, China’s Central Bank Is Fueling and Obscuring It
China’s central bank is giving out swap lines like M&Ms, Benn Steil and Elisabeth Harding write in a guest commentary.
1d
Chile central bank cuts rate 25 bps, sees more easing ahead
Chile's central bank on Thursday said it was cutting its benchmark interest rate to 5.25% from a previous level of 5.50%, in ...
1d
European Central Bank Seen Cutting Interest Rates Today
Good morning. The European Central Bank meets today to decide how high to set its key rate. Also gathering today are EU ...
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