PBOC sets USD/CNY reference rate at 6.3485

The People’s Bank of China (PBOC) set the USD/CNY reference rate at 6.3485 on Thursday when compared to the previous fix and the previous close at 6.3624 and 6.3477 respectively.

PBOC slashes one-year and five-year loan prime rates to 3.7% and 4.6% respectively

Jan 20, 2022

PBOC slashes one-year and five-year loan prime rates to 3.7% and 4.6% respectively

The People’s Bank of China (PBOC) is out with the latest statement, announcing that it has cut the one-year loan prime rate (LPR) to 3.70% at its Janu

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Jan 20, 2022

USD/CNH drops below $6.35 on PBOC rate cut

USD/CNH refreshes intraday low to $6.3467, down 0.05% on a day during early Thursday following the People’s Bank of China’s (PBOC) rate cut. The PBOC

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