Kostin’s assessment of the dollar’s clout and the yuan’s rise came amid an intense debate over de-dollarization that has raged on for the past year.
Tagged By banking
China’s central bank continues to add liquidity, hints monetary easing ahead
As anticipated, PBC has slashed its one-year medium-term lending facility (MLF) rate by 10 basis points to 2.65% from 2.75%, following a seven-day reverse repo rate cut of 10 bps to 1.90 percent on …
Canada suspends work with Chinese-founded development bank while it investigates complaints
Canada’s finance minister says it is suspending activity with a Chinese-founded development bank while it investigates complaints by a Canadian who resigned from the lender …
China’s world banks are geopolitical victims
China’s “World Bank” tried in vain to carefully thread the geopolitical needle. Canada, one of its members, is freezing activity at the Beijing-based Asian Infrastructure Investment Bank after its …
China’s central bank cuts key policy rate for first time in nearly a year
DOW JONES NEWSWIRES China’s central bank cut a key policy rate for the first time since August on Thursday, a widely-expected move as Beijing ramps up policy support to boost the economy …
China central bank cuts key interest rate to boost economy
China’s central bank cut a key interest rate and injected $33 billion into financial markets Thursday, as data showed the world’s second-largest economy was flagging.China’s six largest state-owned …
China Central Bank Ramps Up Policy Action With 1-Year Rate Cut
China’s central bank cut its key one-year interest rate on Thursday as it tries to juice the economy’s recovery after it lost momentum in recent months.
China cuts a key policy rate for first time in 10 months as economic rebound cools
China’s central bank lowered its key medium-term lending rates on Thursday, in a much anticipated move as the economy’s post-Covid recovery continues to lose momentum.
China cuts medium-term lending rates as economy sputters
China’s central bank cut the borrowing cost of its medium-term policy loans for the first time in 10 months on Thursday, in line with expectations, as Beijing ramps up stimulus measures to shore up a…
China won’t use ‘bazooka-like stimulus’ to fire up economy despite rate cut, but long-term problems lurk
The world’s second-largest economy is facing a series of headwinds, including its property market, mountains of debt, slowing exports and the risk of deflation China’s central bank on Tuesday lowered …
Canada freezes ties with Chinese bank AIIB over claim it is ‘dominated by Communist party’
Finance minister announces immediate review of Canada’s involvement with Beijing’s alternative to the World Bank …
Chrystia Freeland says Canada will suspend work with Beijing-based bank after allegation of Chinese government control
OTTAWA—The federal government will “immediately halt” all activity with the Asian Infrastructure Investment Bank as it reviews allegations the Beijing-based international institution — which has …
New World Bank Chief Vows to Steer Clear of US-China Rivalry
The newly appointed president of the World Bank said he doesn’t view China as a rival for the development lender and pledged to avoid getting dragged into competition between Washington and Beijing.
