PBOC sets USD/CNY reference rate at 7.1335 vs. 7.1315 previous

On Monday, the People’s Bank of China (PBOC) set the USD/CNY central rate for the trading session ahead at 7.1335, as against the previous day's fix of 7.1315 and 7.2624 Reuters estimates.

Jul 22, 2024

PBoC cuts 10 bps to the 1-year and 5-year Loan Prime Rate

The People's Bank of China (PBoC) announced on Monday that it cut the one-year Loan Prime Rate (LPR) by 10 basis points (bps) from 3.45% to 3.35% and cut the five-year LPR from 3.95% to 3.85%.

Australian Dollar holds gains after China interest rate cuts

The Australian Dollar (AUD) halts its five-day losing streak on Monday.