China PBoC Interest Rate Decision meets expectations (3%)

May 20, 2026

PBOC sets USD/CNY reference rate at 6.8397 vs. 6.8375 previous

On Wednesday, the People’s Bank of China (PBOC) sets the USD/CNY central rate for the trading session ahead at 6.8397 compared to the previous day's fix of 6.8375 and 6.8072 Reuters estimate.

EU Trade Negotiator’s Zovko says US-EU trade deal reached

European People’s Party lead trade negotiator Željana Zovko said that a deal between the United States (US) and the European Union (EU) was reached, Reuters reported on Wednesday. Zovko added that deal on US tariffs provides certainty for European firms