People’s Bank of China (PBoC)
Let the yuan appreciate: leading Chinese think tank
Chinese Academy of Social Sciences argues for a one-off 10% appreciation of the yuan as international calls intensify
Inflation targeting insufficient: China’s Zhou
People’s Bank of China’s Zhou Xiaochuan says targeting low inflation alone is inadequate, particularly in light of the financial crisis
China should turn to oil: senior central banker
People’s Bank of China director says country should invest in oil and other resources; dismisses suggestion that reserve accumulation will force yuan appreciation
Kazakhstan latest to step away from dollar
The National Bank of Kazakhstan, which has seen foreign currency reserves drop sharply, shifts towards euro on fears over the dollar’s weakness
China to maintain “moderately loose” policy
People’s Bank of China indicates rates will be kept low for some time to support growth and stability; statement echoes the pledges of central economic conference
China wary of a gold bubble
People’s Bank of China deputy governor says steadily climbing gold prices could decrease the attractiveness of the metal as a reserve asset
Yuan appreciation calls “unfair”: Chinese premier
Wen Jiabao, the Chinese head of state, accuses critics of the undervalued yuan of hypocrisy
US policy threatens emerging markets: China’s top regulator
Chairman of China’s regulator says weak dollar and low rates are dangerous to the global economy; echoes recent comments from top Japan, HK officials
China to keep policy “moderately loose”; hint at yuan appreciation
People’s Bank of China to maintain accommodative policy stance, suggests renminbi appreciation could be possible
How can central banks avert the next crisis?
Claire Jones moderated Central Banking’s first ever live webinar, which was sponsored by BNP Paribas Securities Services.
China’s precarious balancing act
Hui Feng argues that monetary accommodation will remain in place for some time
India buys 200 tonnes of IMF gold
The Reserve Bank of India purchases just under half of the IMF’s sale quota for $6.7 billion
Korea considering shifting dollar assets to gold
Korean central bank reportedly interested in diversifying reserves; favours gold over dollar
PBOC’s Su in Taiwan for bill-financing talks
Su Ning, a deputy governor of the People’s Bank of China (PBOC), visits Taiwan to discuss the development of bill financing markets
China’s Su looks to clarify policy
Deputy Su Ning says People’s Bank of China will fine tune policy using open market operations
Beijing in policy about-turn as stocks dip
People’s Bank of China’s Su Ning says monetary policy will remain loose after main index falls 5%
People’s Bank to “guide” lending
Chinese central bank's nuanced policy reflects desire for growth coupled with stability
Tripartite governors first meeting
Governors of People’s Bank of China, Bank of Japan and Bank of Korea hold first annual summit
China’s reserves exceed $2 trillion
China’s foreign-exchange reserves reach a new record high
Beijing steps up bid for renminbi to become reserve currency
China’s central bank issues rules aimed at enhancing currency’s international status but ex-governor says renminbi will only join euro and dollar after ten years or more
HKMA signs agreement on renminbi settlement
The HKMA and People’s Bank of China laid the foundations for a renminbi settlement scheme to be based in the territory
China, Malaysia to use own currencies to trade
Trade between Malaysia and China will soon be conducted in ringgit and renminbi as well as dollars, Zeti Akhtar Aziz, the governor of Bank Negara Malaysia, said on Friday.
Brazil and China planning link-up to ditch dollar
A Central Bank of Brazil official has said that trade between the country and China will be conducted in reals and renminbi rather than dollars.