Tag "PBoC"
Asia Pacific
Economics
Renminbi depreciation poses risk to Chinese economy
In the last couple of weeks, the Renminbi has lost nearly half of its 2013 appreciation against the U.S. dollar. Investor speculation and central bank monetary policy may both be
Asia Pacific
Finance
China’s central bank stands alone against inflation
Renminbi internationalization may work against the Chinese central bank’s effort to tighten liquidity and curb rising inflation. Commercial banks will also have bigger leverage over the central bank as more
Asia Pacific
Finance
China’s Tug of War Between Central and Commercial Banks
Chinese banks experienced an unexpected credit crunch in the past weeks. On June 20, the Shanghai Interbank Offered Rate (SHIBOR) and overnight repo rate reached, at certain points, 25% and 30%
