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Top related persons:
Li Hongwei - 2 Zhou - 2 Tom Westbrook - 2 Tingshu Wang - 1 Jacqueline Wong - 1 David Chao - 1 Chao - 1 Sam Holmes - 1
Top related locs:
China SHANGHAI SINGAPORE Beijing United States Shanghai Singapore Invesco
Top related orgs:
People's Bank of China - 2 Thomson - 2 REUTERS - 1 HSBC - 1 BofA Global Research - 1 July's - 1 Asia Pacific - 1 Citi - 1

Search resuls for: "Li Hongwei"


2 mentions found


☆ China c.bank seen leaving policy loan rate unchanged on Tuesday
  + stars: | 2023-08-14 | by ( ) www.reuters.com   time to read: +3 min
Paramilitary police officers stand guard in front of the headquarters of the People's Bank of China, the central bank (PBOC), in Beijing, China September 30, 2022. REUTERS/Tingshu Wang/File PhotoSHANGHAI/SINGAPORE, Aug 14 (Reuters) - China's central bank is expected to keep rates on its medium-term policy loans unchanged on Tuesday, a Reuters survey showed, despite fresh signs the economic recovery is losing momentum. The People's Bank of China (PBOC) last lowered the rate by 10 basis points to 2.65% in June. "We believe more pro-growth policies are warranted to support the economic growth, and further easing in monetary policy can be expected," analysts at BofA Global Research said. They expect a 15-basis-point cut in one-year loan prime rate (LPR) in total in the third quarter of the year.
Persons: Tingshu Wang, Li Hongwei, Zhou, Tom Westbrook, Jacqueline Wong Organizations: People's Bank of China, REUTERS, HSBC, BofA Global Research, July's, Thomson Locations: Beijing, China, SHANGHAI, SINGAPORE, United States, Shanghai, Singapore
☆ China seen cutting key lending benchmarks as economy slows
  + stars: | 2023-06-19 | by ( ) www.reuters.com   time to read: +3 min
The People's Bank of China (PBOC) lowered short- and medium-term policy rates last week, signalling it is about to embark on another round of loosening in monetary settings in a push to rev up the recovery. In a poll of 32 market watchers, all participants predicted cuts to both the one-year loan prime rate (LPR) and the five-year tenor . "However, the biggest risk is that rate cuts can be ineffective when households and businesses are excessively conservative, busy deleveraging and paying off debt." China's cabinet met on Friday to discuss measures to spur growth in the economy and pledged to roll out more policy support. Despite strong consensus of cuts to the LPR on Tuesday, market participants are divided on the size of the reductions.
Persons: David Chao, Chao, Li Hongwei, Zhou, Tom Westbrook, Sam Holmes Organizations: People's Bank of China, Reuters, Asia Pacific, Citi, Thomson Locations: SHANGHAI, SINGAPORE, China, Invesco
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