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Real-time News
Bank of England: The central bank will improve its crisis response capabilities by updating its operating guidelines.On April 13th, the latest data from the Peoples Bank of China (PBOC) showed that the weighted average interest rate for newly issued corporate loans in March was approximately 3.1%, about 25 basis points lower than the same period last year; the weighted average interest rate for newly issued personal housing loans was also approximately 3.1%, about 6 basis points lower than the same period last year. "Overall, loan interest rates remain at a low level," industry experts analyzed. The continued low level of social financing costs is an important indicator of appropriate monetary and credit conditions, and also reflects that the effective financing needs of the real economy are being fully met. After several interest rate cuts in recent years, current corporate and household loan interest rates are already at relatively low levels. Industry experts stated that monetary policy adjustments are one-off, but their impact on the real economy is continuous. In recent years, the PBOC has taken several significant monetary policy adjustments, and a series of policy measures were introduced at the beginning of 2026. The integrated effect of existing and new policies will continue to emerge, and the key to observing the policy effects lies in focusing on the cumulative effect.On April 13, the General Office of the CPC Central Committee and the General Office of the State Council issued an opinion on promoting the deepening of reforms of industry associations and chambers of commerce. The opinion proposes strict management of enterprises established by industry associations and chambers of commerce. Industry associations and chambers of commerce should strictly control the establishment of enterprises in accordance with the principles of legality, necessity, standardization, and effectiveness; they shall not establish enterprises that directly compete with their members, nor shall they establish enterprises beyond their own purposes and business scope, nor shall they use the enterprises they establish to engage in activities that disrupt market order; the enterprises they establish generally shall not establish new enterprises, nor shall they use the name of the industry association or chamber of commerce to conduct external business, and the profits obtained shall be used for undertakings consistent with the purposes of the industry association or chamber of commerce; the heads of industry associations and chambers of commerce and their branches (representative offices), as well as their relatives, shall not hold positions or receive remuneration or subsidies of any kind in the enterprises they establish. The opinion also calls for the formulation of management measures for enterprises established by industry associations and chambers of commerce, strict establishment procedures, improved supervision measures, and strengthened risk control.Industry sources and Reuters calculations show that Russias seaborne petroleum product exports rose 0.9% in March compared to February.The VIX fear index rose 2.01 points to 21.24.
