PBOC News & Analysis
2 articles
Market Mood
China maintains lending benchmarks steady for 11th month
In April, China held its lending benchmarks steady for the 11th consecutive month. This decision reflects the government's strategy to support economic stability amid ongoing challenges. The People's Bank of China has not altered the Loan Prime Rate (LPR), which is significant for borrowers and the overall market sentiment. Keeping these rates unchanged can impact borrowings for companies and consumers, influencing economic growth and spending in the Chinese economy.
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People's Bank of China Increases Gold Reserves to 74.38 Million Ounces
The People’s Bank of China (PBOC) expanded its gold reserves to 74.38 million fine troy ounces at the end of March 2023, up from 74.22 million in February. This marked the 17th consecutive month of gold purchases despite the metal experiencing its steepest monthly decline since 2008, dropping 6.35% in March. The value of the PBOC's gold holdings decreased to $342.76 billion from $387.59 billion, marking the first drop in value since May 2025. China's continued accumulation of gold amid market volatility and inflationary pressures may influence overall demand and pricing in gold markets.
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