PBoC announces policies to help pandemic-stricken economy
Package of 23 measures echoes actions taken in 2020
The People’s Bank of China (PBoC) has announced 23 measures to help the economy, as the pandemic continues to take its toll.
China’s economic development is facing “increasing” pressures from shrinking demand, supply shocks and weakening expectations, said a notice the central bank issued on April 18. The measures build on financial support announced in 2020.
Earlier this year, Chinese premier Li Keqiang announced the lowest GDP growth target in decades at “around” 5.5%.
At the same time
Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
To access these options, along with all other subscription benefits, please contact info@centralbanking.com or view our subscription options here: http://subscriptions.centralbanking.com/subscribe
You are currently unable to print this content. Please contact info@centralbanking.com to find out more.
You are currently unable to copy this content. Please contact info@centralbanking.com to find out more.
Copyright Infopro Digital Limited. All rights reserved.
As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (point 2.4), printing is limited to a single copy.
If you would like to purchase additional rights please email info@centralbanking.com
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (clause 2.4), an Authorised User may only make one copy of the materials for their own personal use. You must also comply with the restrictions in clause 2.5.
If you would like to purchase additional rights please email info@centralbanking.com
More on Financial Stability
India agrees currency swap with Maldives
RBI to provide $760bn in support to archipelago
FDIC’s McKernan wants single capital stack in Basel III endgame
Rebuffing Barr’s offer of a partial rollback, Republican director also targets op risk framework
Ethiopian central bank allocates $175bn for fuel payments
Decision follows awarding of licences for currency exchange to non-bank FX bureaus
Climate stress tests are cold comfort for banks
Flaws in regulators’ methodology for gauging financial impact of climate change undermine transition efforts, argues modelling expert
ECB official open to offering liquidity aid to non-banks
Deputy director doesn’t rule out copying UK plan to extend repo facility to pension funds and life insurers
Geopolitics and cyber security remain top systemic risks – BoE
Respondents less worried about UK stability, but international tensions a growing concern
Disinflation in Turkey slows in September
Rate cuts appear less likely as CPI inflation remains at 49%
Basel III endgame adoption more than doubles
Annual monitoring exercise shows progress, but US and some emerging markets lag behind