top of page
Long-time Chief Executive Officer Ben Silbermann of Pinterest would step down, handing over the reins of the social media platform to Google...

Stock Market

Google executive to take over as a new CEO of Pinterest

Top accounting firm Ernst & Young has been slammed with a record $100 million fine from the US government...

Stock Market

Accounting firm gets 100 million fine for faulty regulations

The Indian rupee slipped into a fresh low today and extended losses against the US dollar.


The rupee tumbled to a new low against the dollar in the midst of an increase in crude oil price

Wall Street saw a sharp fall at its closing in a broad sell-off. Consumers' worries over recession have sparked up...

Stock Market

Wall Street Lose Balance after recession strikes growth fear among consumers’

Soaring inflation may be pushing the US economy into a deep recession. Last week's 0.75% interest rate hike by the Federal Reserve...

Stock Market

Inflation ringing the recession bell - Mohammed Shaheen

Economic Indicator

22 Nov 2021

China’s Central Bank Easing Measures to Aid Slow Economic Growth

The Index Today

According to economists at Citigroup Inc., Nomura Holdings Inc. and Goldman Sachs Group Inc. in China’s latest quarterly monetary policy report published last Friday, it was seen that the People’s Bank of China removed a few key phrases cited in previous reports, including sticking with “normal monetary policy.” That suggests a shift in attitude toward to a more supportive monetary policy.

According to Macquarie Group Ltd.’s Larry Hu, the report also dropped the phrase to “control the valve on money supply,” which suggests a step-up of monetary easing.

Goldman Sachs’ Hui Shan and colleagues said policy interest rates would likely remain unchanged, while Nomura’s Lu Ting said the chance of a reduction in the reserve requirement ratio will rise in coming months, as seen in Bloomberg reports.

Lu said, “We expect Beijing to soon significantly step up its monetary easing and fiscal stimulus to counteract the increasing downward pressure,”

Liu Shijin, who sits on the central bank’s monetary policy committee, said in an online forum Sunday that the economy could enter a period of “quasi-stagflation,” which needs close attention if it happens, Bloomberg added.


Clay pottery with table linens
bottom of page