Suriname, a tiny nation ravaged by recession, inflation and impossible debts, saw its relief held up by superpower politics. It won’t be the only country.
Category: People’s Bank of China
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China’s Central Bank Cuts Loan Prime Rates
The reduction in the rates, which are used to set corporate loans and home mortgages, signal concern that the country’s post-pandemic rebound is stalling.
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China’s Biggest Banks Cut Deposit Rates to Spur Consumer Spending
China’s largest state-run banks lowered interest rates on deposits, reflecting a growing concern that the economy has not rebounded as strongly as expected.
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‘Zero Covid’ Behind It, China’s Economy Starts to Recover
The economy grew 4.5 percent in the first three months of the year, a pickup from the end of 2022, when the relaxation of pandemic prevention measures led to a wave of illness.
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To Rein in China’s Banks, Xi Uses Familiar Playbook
The New York Times – Business:Xi Jinping is revamping China’s regulatory framework so the ruling Communist Party can assert more direct control over financial policy.
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The Numbers in the News
The New York Times – Business:DealBook looks at the data points behind some of the biggest stories of the past year, and the themes that will endure in 2023.