On Wednesday, the People’s Bank of China (PBOC) set the USD/CNY central rate for the trading session ahead at 7.1693 as compared to 7.2661 Reuters estimates.
On Wednesday, the People’s Bank of China set the USD/CNY central rate for the trading session ahead at 7.1693 as compared to 7.2661 Reuters estimates.
Qs What does the People's Bank of China do? The primary monetary policy objectives of the People's Bank of China are to safeguard price stability, including exchange rate stability, and promote economic growth. China’s central bank also aims to implement financial reforms, such as opening and developing the financial market. Who owns the PBoC? The PBoC is owned by the state of the People's Republic of China , so it is not considered an autonomous institution.
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PBOC sets USD/CNY reference rate at 7.1886 vs. 7.1889 previousOn Monday, the People’s Bank of China (PBOC) set the USD/CNY central rate for the trading session ahead at 7.1886 as compared to Friday's fix of 7.1889 and 7.3353 Reuters estimates.
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