| Delayed 09:27:13 16/07/2024 pm IST | 5-day change | 1st Jan Change | ||
| 7.268 CNY | +0.13% |
|
-0.06% | +2.41% |
| 15/07 | CHINA PBOC EXPECTED TO SET YUAN MID-POINT AT 7.2548 PER DOLLAR… | RE |
| 12/07 | CHINA'S ONSHORE YUAN FINISHES DOMESTIC SESSION AT 7.2585 PER D… | RE |
HONG KONG (Reuters) - China's central bank said on Friday it will keep interest rates stable and steadily push forward the internationalisation of its yuan currency, after it cut the amount of cash that banks must hold as reserves for the fifth time in the past year.
China will also resolve risks in its financial sector, such as shadow banking and bond defaults, the People's Bank of China said in a statement on its website http://www.pbc.gov.cn
Earlier on Friday, the central bank said it was cutting the reserve requirement ratio to free up $116 billion for new lending as it tries to reduce the risk of a sharper economic slowdown.
(Reporting by Meg Shen in Hong Kong and Kevin Yao and Stella Qiu in Beijing; Editing by Robert Birsel)
