China Central Bank

China Central Bank News

China's central bank cuts medium-term borrowing costs by 20 bps; steps up fight against coronavirus pandemic
Business

China's central bank cuts medium-term borrowing costs by 20 bps; steps up fight against coronavirus pandemic

The People’s Bank of China (PBOC) said it was lowering the one-year medium-term lending facility (MLF) loans to financial institutions to 2.95 percent, the lowest level since the liquidity tool was introduced in September 2014, down 20 basis point from 3.15 percent previously.

China factory activity dives to worst on record as coronavirus paralyses economy: PMI
Business

China factory activity dives to worst on record as coronavirus paralyses economy: PMI

The Caixin/Markit Manufacturing Purchasing Managers’ Index (PMI) tumbled to 40.3 last month, the lowest level since the survey began in 2004, and down sharply from the 51.1 reading in January as well

Sensex falls 350 points as China rate cut fails to enthuse global markets
Business

Sensex falls 350 points as China rate cut fails to enthuse global markets

Sensex dropped nearly 350 points from yesterday's close to touch a low of 25,687.69

Sensex ends 290 pts up in choppy trading; snaps 3 session fall
Business

Sensex ends 290 pts up in choppy trading; snaps 3 session fall

Market breadth ended weak with 1,506 stocks declining against 1,214 advances on BSE.