People's Bank of China (PBOC)

On Monday, China’s central bank, The People's Bank of China, kept its key interest rate for one-year policy loans unchanged, citing concerns about yuan instability and the ongoing uncertainty surrounding potential Federal Reserve adjustments. What Happened: Despite recent weak credit...

Markets tumbled overnight on fears that China's slowdown will produce the much dreaded hard landing as economists at Goldman Sachs cut the growth forecasts for the emerging market economy. Chinese shares fell over 5 percent while copper tumbled to a new 2013 low on global growth fears. Slowing...