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20 Apr 2022

PBOC sets USD/CNY reference rate at 6.3996 on Wednesday

The People’s Bank of China (PBOC) set the USD/CNY reference rate at 6.3996 on Wednesday when compared to the previous close at 6.3940.

Apr 20, 2022

PBoC surprised markets by leaving rates unchanged, but MLF was a give away

China leaves 1-year loan prime rate unchanged at 3.70% (estimated 3.65%); leaves 5-year loan prime rate unchanged at 4.60% (estimated 4.55%). AUD/USD
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