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People's Bank of China
News updates related to the People's Bank of China.
The Chinese yuan depreciated to 6.7866 yuan/USD due to geopolitical tensions.
The Chinese yuan (CNY) edged lower against the US dollar in morning trading on May 26 after US military actions in Iran dampened expectations of a peace deal.
Market
The CNY exchange rate hits a three-year high, and the Chinese stock market shows mixed performance.
The yuan strengthened sharply following the PBOC's exchange rate adjustment, while stock indices fell ahead of a meeting between US and Chinese leaders.
China signals it will use flexible monetary policy tools.
The People's Bank of China, the country's central bank, has signaled its readiness to flexibly and effectively deploy a range of monetary policy tools – including rate cuts...
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