China announced plans for a rare briefing on the economy by three top financial regulators just as it cut one of its short-term policy rates, fuelling speculation that the authorities are preparing to ramp up efforts to revive growth.
The authorities announced on Sept 23 that central bank governor Pan Gongsheng will hold a press conference on Sept 24 on financial support for economic development, alongside two other officials.
Minutes later, the People's Bank of China (PBOC) lowered the 14day reverse repurchase rate to 1.85 per cent from 1.95 per cent, as part of reductions initiated in July.
Taken together, the moves bolster expectations for the PBOC to lower rates, after the US Federal Reserve finally started cutting rates last week.
The yield on China's 10-year government bonds fell one basis point to a fresh low of 2.03 per cent, a sign traders are pricing in more monetary stimulus.
In the foreign exchange market, the PBOC raised its daily reference rate for the renminbi to 7.0531 per US dollar, putting the key seven level in sight.
ãã®èšäºã¯ The Straits Times ã® September 24, 2024 çã«æ²èŒãããŠããŸãã
7 æ¥éã® Magzter GOLD ç¡æãã©ã€ã¢ã«ãéå§ããŠãäœåãã®å³éžããããã¬ãã¢ã ã¹ããŒãªãŒã9,000 以äžã®éèªãæ°èã«ã¢ã¯ã»ã¹ããŠãã ããã
ãã§ã«è³Œèªè ã§ã ?  ãµã€ã³ã€ã³
ãã®èšäºã¯ The Straits Times ã® September 24, 2024 çã«æ²èŒãããŠããŸãã
7 æ¥éã® Magzter GOLD ç¡æãã©ã€ã¢ã«ãéå§ããŠãäœåãã®å³éžããããã¬ãã¢ã ã¹ããŒãªãŒã9,000 以äžã®éèªãæ°èã«ã¢ã¯ã»ã¹ããŠãã ããã
ãã§ã«è³Œèªè ã§ã? ãµã€ã³ã€ã³
Over 270 dead after Israel's wave of air strikes: Lebanon
Israel unleashed its most widespread wave of air strikes against hundreds of Hezbollah targets on Sept 23, which the Lebanese health authorities said killed at least 274 people, making it the deadliest day in Lebanon in nearly a year of conflict.
Temasek's achievements over 50 years mirror S'pore's success: PM
It must retain ability to think long term, add to nation's brand of quality, integrity, he says
Iran's Guards ban communication devices after deadly attacks
Iran's elite Revolutionary Guards Corps (IRGC) has ordered all members to stop using any type of communication devices after thousands of pagers and walkie-talkies used by its Hezbollah allies in Lebanon blew up in deadly attacks last week, two senior Iranian security officials told Reuters.
Back move, integrate into society, ex-chief urges former members
He says deeper understanding of Islam prompted decision to disband terror group
S'pore Poly students to get hands-on experience with Super Puma copter
They were just 13 when they first got to know each other because of their shared love for aeroplanes. Now, the schoolmates will be among the first polytechnic students to get to learn working with the AS332 Super Puma helicopter.
Temasek commits $100m to climate projects
It hopes to draw additional capital from other sources to fund such initiatives
Core inflation rises to 2.7% on higher holiday expenses
Core expenses of households in Singapore picked up in August as inflation in services rose, but overall inflation was still the lowest in more than two years.
Monkey sightings in Punggol Northshore worry residents
A Punggol resident, Ms Pang, and her husband were walking to their new Build-To-Order (BTO) flat in Northshore Drive earlier this month when they encountered a troop of about a dozen monkeys on the park connector.
Ex-girlfriend of suspect says he was aggressive person
The man accused of killing Singaporean Audrey Fang in Spain met up with his Ukrainian girlfriend days after the alleged incident and told her he was hoping to resolve his financial difficulties soon.
Man charged with murder; five others accused of rioting
A 22-year-old man has been charged with the murder of a 25-year-old man after a fatal brawl near Jalan Besar that occurred around 4am on Sept 22.