PBOC sets USD/CNY reference rate at 7.0510 vs. 7.0531 previous

On Tuesday, the People’s Bank of China (PBoC) set the USD/CNY central rate for the trading session ahead at 7.0510, as compared to the previous day's fix of 7.0531 and 7.0495 Reuters estimates.

Sep 24, 2024

Japan Jibun Bank Services PMI rose from previous 53.7 to 53.9 in September

PBoC Governor: China will cut reserve requirement ratio by 50 basis points

People’s Bank of China Governor Pan Gongsheng said during a press conference on Tuesday that China will cut the amount of the reserve requirement ratio (RRR) by 50 basis points (bps).