The Federal Reserve Act requires the Federal Reserve Board to submit written reports to Congress containing discussions of "the conduct of monetary policy and economic developments and prospects for the future." The PBOC’s main objectives are: ensuring domestic price stability, managing the exchange rate and promoting economic growth. China Construction Bank Obtains Full Banking License in Singapore. (Sell China utilities.) A number of trade barriers have been introduced since mid-2018, the most significant of which have been higher tariffs on bilateral trade between the US and China. A new report from the China Banking Association (CBA) highlights the ailing state of factoring operations by Chinese banks in 2019. 1 This seems an anomaly given China’s prominent position in the world economy. Interest Rate in China averaged 4.58 percent from 2013 until 2020, reaching an all time high of 5.77 percent in April of 2014 and a record low of 3.85 percent in April of 2020. The benchmark interest rate in China was last recorded at 3.85 percent. China’s Monetary Policy Under the guidance of the State Council, the People’s Bank of China (PBOC) formulates and implements monetary policy, prevents and resolves financial risks, and safeguards financial stability. Section 3 of the Monetary Policy Report - November 2019. "Despite the large pressure on trade tensions, the People's Bank of China and also Chinese Ministry of Finance did a great job in managing the monetary policy," Rhee said in the interview. Changyong Rhee said that China's flexible exchange rate policy and accelerated opening of financial markets are beneficial to economic development. Yi Gang, governor of the People’s Bank of China. Due to the restraints over non-standard financing … In terms of monetary policy, in 2018, the People's Bank of China (PBOC) has announced five RRR cuts since 2018 (four times in 2018 and once in early 2019), allowing for abundant liquidity in the interbank market. Monetary Policy Report June 2019 10 The U.S.-China trade war: Implications on the global economy and Thailand In recent periods, the U.S. implemented international trade policies more inclined towards protecting its own trading interests, in order to restore its manufacturing sector and … Monetary Policy Report April 2019 This is a report of the Governing Council of the Bank of Canada: Stephen S. Poloz, Carolyn A. Wilkins, Timothy Lane, Lawrence … China’s monetary policy framework has never been officially documented has meant that key elements of the formulation and implementation of monetary policy in China are still not widely known. China’s Monetary Policy Eases Into the New Year PBOC to cut amount of reserves commercial banks are required to set aside by half a percentage point, freeing up $115 billion for lending Banking. Current Report: June 12, 2020. Too early expecting China to tighten monetary policy: report ... would see year-on-year growth of 2.4 percent in 2019 and could temporally top 3 percent at the end of 2019 … Report. Read more. The economy faces greater difficulties as investment growth slows and industrial production remains sluggish, the People’s Bank of China said in its third-quarter monetary policy report … CBNEditor-December 10, 2020 0. Monetary Policy.