China's Central Bank Halts Bond Purchases Amid Deflation Concerns - PRESS AI WORLD
PRESSAI
Recent Posts
side-post-image
side-post-image
Economy

China's Central Bank Halts Bond Purchases Amid Deflation Concerns

share-iconPublished: Friday, January 10 share-iconUpdated: Friday, January 10 comment-icon10 months ago
News sources:
NYTIMES
China's Central Bank Halts Bond Purchases Amid Deflation Concerns

Credited from: NYTIMES

  • China's central bank announced a temporary halt to purchasing government bonds, reflecting the economy's sluggish conditions.
  • The move aims to counteract an investor trend favoring bonds over riskier assets like stocks.
  • This action is noteworthy as most global interest rates are rising amid inflation fears, contrasting with China's low inflation concerns.
  • Public confidence has waned due to falling housing prices and stock market declines, leading families to deposit money in state banks.
  • By ceasing bond purchases, the central bank aims to reduce bond demand, which may help stabilize interest rates.

For the full article, visit here.

SHARE THIS ARTICLE:

nav-post-picture
nav-post-picture