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Bank of China Lowers RRR to Promote Market Liquidity

The People’s Bank of China (PBOC) injected liquidity into the banking system today (April 25) by lowering the reserve requirement ratio (RRR) of commercial banks and entering into an agreement to purchase 7-day bonds. The PBOC has decided to reduce…

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Bank of China Leaves Interest Rates on LPR Loans Unchanged

The People’s Bank of China (PBOC) today left the benchmark one-year lending rate (LPR) unchanged at 3.7% and the benchmark five-year lending rate at 4.6%. China’s one-year LPR rate is a measure of private lending rates. The 5-year LPR rate…

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Bank of Japan Confirms its Monetary Policy

Bank of Japan (BOJ) Governor Haruhiko Kuroda has reiterated the BOJ’s stance on monetary easing. This confirms the use of a different policy from other central banks that have begun tightening monetary policy. “We will monitor the impact of COVID-19…

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Bank of Russia keeps interest rates at 20%

At its meeting today, the Russian Central Bank left the key interest rate unchanged at 20 percent, after having previously raised rates sharply. The central bank raised interest rates from 9.5% to 20% at its Feb. 28 meeting to stabilize…

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Bank of Singapore Expects GDP Growth of 4% this Year

The Monetary Authority of Singapore (MAS) released its survey of economists and analysts today, projecting that Singapore’s gross domestic product (GDP) will grow by 4% this year, unchanged from an earlier survey in December. Economists and analysts expect Singapore’s economy…

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Dollar Rises, ECB with Doubtful Decision

The dollar rose in Asia on Monday, but it could be a short-term gain as this week the U.S. inflation figures will be released. The dollar has already received a boost from the strong jobs data last week, which provides…

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