The People’s Bank of China (PBOC) established the USD/CNY reference rate at 6.9398 on Thursday, marking a substantial 59 basis point strengthening from the previous day’s fixing of 6.9457.
BEIJING, March 15, 2025 – The People’s Bank of China (PBOC) established the USD/CNY reference rate at 6.9457 today, marking a measured adjustment from the previous day’s fixing of 6.9438 ... Comparative Analysis of Recent PBOC Fixings.
PBOCMonetary PolicyFaces Changing InflationLandscape... The PBOC consequently faces fewer constraints when considering stimulus measures ... They suggest the PBOC will likely implement measured steps rather than aggressive interventions.
The People’s Bank of China (PBOC) strategically adjusted the USD/CNY reference rate to 6.9458 on Thursday, marking a significant 0.1% strengthening from the previous day’s 6.9523 fixing ...Understanding the PBOC Reference Rate Mechanism.
PBoC Monetary PolicyFramework and Options...TD Securities analysts highlight several considerations for PBoC decision-making ... Recent PBoC communications indicate a cautious approach ... How does the PBoC typically implement monetary easing?.
China offset its $456 billion liquidity pressure by having the PBoC inject nearly $87 billion to ward off the anticipated seasonal cash crunch during the Lunar New Year... PBoC injection addresses estimated $461B liquidity gap.
Xi Jinping is done being subtle ...The message was printed in Qiushi, the Communist Party’s own ideology journal ... At a conference last month, PBoC vice-governor Zou Lan denied that China was trying to weaken the currency for trade gains ... ....
Similarly, in November, China’s estimated gold purchases reached over 10 tons, approximately 11 times the amount the People’s Bank of China (PBoC) reported ... PBoC seeks to dominate the global gold market.