The People's Bank of China and the central bank of Indonesia jointly launched a bilateral transaction settlement framework in local currencies and a QR code interoperability cooperation project.
The central bank: On September 5th, a 1 trillion yuan outright reverse repurchase operation will be conducted.
The central bank has increased its gold reserves for the 10th consecutive month! At the end of August, the foreign exchange reserves exceeded 3.3 trillion US dollars.
Seizing the Opportunities of RMB Internationalization: Banks Optimize Cross-border Service Capabilities
The central bank will conduct a 600 billion yuan Medium-term Lending Facility (MLF) operation with a term of one year.
The central bank: On August 15th, a 500 billion yuan outright reverse repurchase operation will be conducted.
The central bank: Promoting a reasonable rebound in prices is an important consideration in grasping monetary policy.
The central bank: In the first seven months, RMB loans increased by 12.87 trillion yuan. At the end of July, the M2 balance grew by 8.8% year-on-year.
The central bank has increased its gold reserves for nine consecutive months. The foreign exchange reserves balance at the end of July was 329.22 billion US dollars.
The central bank: Continue to implement a moderately loose monetary policy.