EUR/USD
1.15830
0.044%
Gold
4224.38
0.323%
Oil
82.776
-2.767%
USD/JPY
160.053
0.057%
GBP/USD
1.34198
0.032%
GBP/JPY
214.793
0.098%
Real-time News
The European Commission is providing €540 million in financial aid and support to help farmers address fertilizer issues.June 12th - Data from the Peoples Bank of China shows that loan interest rates remained low in May. The weighted average interest rate for newly issued corporate loans (domestic and foreign currencies) in May was approximately 3.0%, about 25 basis points lower than the same period last year. Data shows that since the second half of 2018, my country has lowered the reserve requirement ratio 18 times, providing sustained medium- and long-term liquidity to the market and playing a role in the banking system and financial markets. Compared to the high point since the beginning of this interest rate cut cycle in the second half of 2018, policy interest rates have been lowered 10 times, accumulating a reduction of 1.15 percentage points. Experts have stated that in recent years, measures such as rectifying banks irregular manual interest payment practices, guiding non-bank interbank demand deposit rates to follow policy interest rate adjustments, and supporting banks in stabilizing net interest margins have facilitated the transmission of interest rate policies. Overall, my countrys policy interest rates are effectively transmitted, and loan interest rates have remained stable with a slight downward trend, staying at a low level.On June 12, the Peoples Bank of China (PBOC) issued a notice soliciting public opinions on the "Administrative Measures for Large-Denomination Certificates of Deposit." The Measures, comprising 24 articles, specifically stipulate the scope of issuers and investors of large-denomination certificates of deposit, the elements of the certificates, issuance preparation, management of each stage of issuance and maturity, information disclosure, and supervision. Key revisions include: clarifying supervision requirements and measures. First, it clarifies that the pricing of all relevant business stages of large-denomination certificates of deposit should comply with the interest calculation and settlement rules issued by the PBOC and be included in self-regulatory management. Second, it clarifies that if an issuer fails to fulfill its information disclosure obligations as described in these Measures, or violates regulations regarding issuance, trading, transfer, early withdrawal, and redemption, the PBOC will impose penalties in accordance with the "Law of the Peoples Republic of China on the Peoples Bank of China" and other relevant laws and regulations. Third, it clarifies the responsibilities of the Interbank Funding Center and the Interbank Market Clearing House to summarize business information monthly and report it to the PBOC.On June 12, the Peoples Bank of China (PBOC) released a draft explanation of the "Measures for the Administration of Large-Denomination Certificates of Deposit (Draft for Public Comment)," which states that the "Measures" reserve policy space for the future development of large-denomination certificates of deposit. It adds the repurchase rate (DR) of bonds held by deposit-taking financial institutions or other rates recognized by the PBOC as a reference benchmark for the interest calculation of floating-rate certificates of deposit, thus enriching the pricing reference indicators for large-denomination certificates of deposit.The Hungarian forint rose 0.8% against the euro to 352.15, its highest level since September 2021.
