The one-year loan prime rate (LPR) was lowered by 20 basis points (bps) to 3.85% from 4.05% previously, while the five-year LPR was cut by 10 bps to 4.65% from 4.75%.
Uncertainty over Japan's economic outlook is "extremely high" as the coronavirus pandemic hits output and consumption
China's central bank will ramp up its policy easing to support the coronavirus-ravaged economy but debt worries and property risks will prevent it from following the US Federal Reserve's steep rate cuts.
Central bank has tried to ensure that viable businesses don’t go bankrupt owing to cash flow problems. But the jury is out on whether it needs to do more.
Investors, economists and bank strategists said they expect policymakers will have to step in with more support in the coming days to prop up both markets and the real economy - companies losing customers and workers thrown out of jobs.
The Reserve Bank of India (RBI) said it would work on a revival plan, as part of which bonds classified as Additional Tier 1 (AT1) capital will be written down "permanently, in full."
The central bank, in a statement issued ahead of a press briefing, said China is fully confident and capable of coping with any possible impact from the outbreak, which has killed more than 600 people and infected tens of thousands.
But BOJ Governor Haruhiko Kuroda will likely voice his resolve to keep monetary policy ultra-loose as the economy continues to feel the strain from the trade war and October's sales tax hike.
From use of more visuals to videos and blogs, India’s central bank can better explain seemingly complex ideas to a wider audience. Its peers have shown the way
The People's Bank of China (PBOC) will work on preventing and defusing financial risks amid "profound changes" in the domestic and international economy, it said in a statement following the fourth-quarter meeting of its monetary policy committee.
Much would depend on the direction of economic reform agenda to revive investment and boost the confidence of Corporate India
China is preparing to be the first country to roll out a digitised domestic currency, a development that is being closely watched by the world's financial services industries, though few details are currently available.
The People's Bank of China (PBOC) set the midpoint rate at 7.0617 per dollar prior to the market open, 145 pips or 0.2% firmer than the previous fix of 7.0762 and the strongest since Aug.26.
Stock of the bank closed 0.44 percent down at Rs 33.85 on BSE.