PBOC is expected to set the USD/CNY reference rate at 6.7708 – Reuters estimate
<p>PBOC CNY reference rate is due around 0115 GMT.</p> This article was written by Eamonn Sheridan at www.forexlive.com. Source link
PBOC is expected to set the USD/CNY reference rate at 6.7090 – Reuters estimate
<p>PBOC CNY reference rate is due around 0115 GMT.</p><p>Heads up for later today:</p><ul><li><a href="https://www.forexlive.com/centralbank/pboc-mlf-liquidity-injection-today-unchanged-rate-expected-but-some-expect-a-small-cut-20230115/" target="_blank" rel="follow" data-article-link="true">PBOC MLF liquidity injection today – unchanged rate expected (but some expect a small cut)</a></li></ul><p>PBOC Governor Yi Gang</p> This article was written by Eamonn Sheridan at www.forexlive.com. Source link
PBOC MLF liquidity injection today – unchanged rate expected (but some expect a small cut)
Later this week from the People’s Bank of China we’ll get the loan prime rate setting: Ahead of that today we’ll get a medium term lending facility (MLF) rollover: 700 billion yuan of this medium-term lending debt is maturing. according to Reuters polling 12 analysts expect the PBOC rollover the 700 billion yuan, 10 expect […]
China consumer inflation accelerates in Dec; PPI falls with soft demand
BEIJING, Jan 12 (Reuters) – China’s annual consumer inflation rate accelerated in December, driven by rising food prices even as domestic demand wavered amid restrained economic activity.Economists expect inflation to continue to pick up in the first quarter of 2023.The consumer price index (CPI) in December was 1.8% higher than a year earlier, rising faster […]
PBOC to cut RRR And LPR in 2023 – China Securities Journal
The People’s Bank of China (PBOC) is seen cutting the reserve requirement ratio (RRR) and the over-five-year Loan Prime Rate (LPR) further in 2023, “as authorities implement “accurate and forceful” monetary policy,” China Securities Journal reported, citing experts. Additional quotes “To support the real estate sector, cuts to the over-five-year LPR are likely, with Beijing […]
PBOC sets USD/CNY reference rate at 6.8265 vs. 6.8912 previous
People’s Bank of China (PBOC) set the USD/CNY central rate at 6.8265 on Monday, versus Friday’s fix of 6.8912 and market expectations of 6.8276. In doing so, the PBOC propels the CNY rate by the most in 30 days. It’s worth noting that the USD/CNY closed near 6.8235 the previous day. In addition to the USD/CNY fix, […]
China growth to be back on track soon
“The world’s second-largest economy is expected to quickly rebound because of the country’s optimized Covid-19 response and after its economic policies continue to take effect,” Bloomberg quotes an interview from Guo Shuqing, party secretary of the People’s Bank of China (PBOC), to People’s Daily published on Sunday. Additional comments As China’s government gives households and […]
PBOC sets USD/CNY reference rate at 6.8926 vs. 6.9131 previous
On Thursday, the People’s Bank of China (PBOC) set the USD/CNY central rate at 6.8926 versus Wednesday’s fix of 6.9131 and market expectations of 6.89 Source link