PBOC News

China`s central bank said it would skip open market operations on Monday, citing "relatively high" liquidity level in the banking system despite some impact from local government bond issuance.

China's foreign exchange reserves fell by some $16 billion dollars in August, officials said Wednesday, as the country`s central bank sold dollars to defend its currency against capital outflows.

China's central bank cut its currency exchange rate against the dollar by the largest amount in three months Thursday as the greenback strengthened on improved Chinese trade data.

 The Chinese central bank on Thursday injected liquidity of $15.4 billion into its financial system to boost lending.

China`s central bank said Tuesday it was injecting 440 billion yuan ($67 billion) into the money market, seeking to ease tight liquidity ahead of the Lunar New Year holiday when demand for funds surges.

The average price in China`s top 10 cities was at 18,961 yuan per square metre, down 3.46 percent from a year ago, it said, accelerating from a decline of 3.19 percent in March.

China`s central bank announced Sunday it would cut the level of funds that commercial banks must hold in reserve by one percentage point, the second such move this year to boost lending.

China`s consumer inflation stayed flat at 1.4 percent in March, while producer prices fell slightly less than projected, official data showed on Friday, keeping pressure on profit margins at Chinese companies as Beijing struggles to stimulate growth.

China's GDP growth will decelerate to 7.1 percent next year, the central bank Monday said confirming the slowdown in the world's second-largest economy amid speculation that it would miss this year's official target of 7.4 percent.

The injection follows signs that Chinese investors are beginning to bet that the PBOC is going to reduce the official deposit rate, now fixed at 3 percent.

China`s central bank is injecting a combined 500 billion yuan (USD 81.35 billion) of liquidity into the country`s top banks, according to media reports, a sign that authorities are stepping up efforts to shore up a faltering economy.

China's central bank today announced details of a plan that reduces the amount of money rural banks must keep in reserve, a move aimed at stimulating the economy amid slowing growth.