In a statement on Saturday China's central bank, the People’s Bank of China (PBOC), announced plans to enhance financial support for technology innovation and consumption stimulation to boost economic growth.
The bank also hinted at using new tools to provide liquidity to the stock market and reaffirmed its commitment to lower interest rates and the reserve requirement ratio for banks when appropriate.
On Friday we had other statements from the Bank along similar lines:
ForexLive Asia-Pacific FX news wrap: PBoC and NDRC with China-supportive commentsUSD/CNH update, the yuan remains under pressure from a super-strong USD, but there is a but:
yuan has hit its highest since mid-October 2022 (using its trade-weighted value) This article was written by Eamonn Sheridan at www.forexlive.com. Read More Details
Finally We wish PressBee provided you with enough information of ( Weekend - People's Bank of China pledged more stimulus to boost consumption )
Also on site :
- 'General Hospital' Fans Brace for 'Slap in the Face' amid Star's Return
- Billionaire Telegram founder leaves his $14 billion fortune to the 100+ children he’s fathered—which means $132 million for each lucky Gen Alpha kid
- Israel says it killed a commander of Iranian force that oversees proxy militias.