China aims for reasonable, balanced exchange rate global markets arent stable yet global market turbulence means China needs caution China can speed up reform if global markets stabilize will move to interest rate liberalization wants to have policy rates to … Continue reading
prior close 6.2022 – China CPI and PPI coming up at 0130GMT!
Prior close of USD/CNY was 6.2040 PBOC to sell (drain) 20bn yuan via 28-day repos today 7 day repo open 3.50% vs 3.47% close prior
Mike had the headlines yesterday: PBOC repeats that China will pursue prudent monetary policy Here’s more from the statement released from the quarterly meeting of the PBOC’s monetary policy committee: Said economic and financial structures had begun showing “positive changes” … Continue reading
will keep yuan exchange rate “basically stable” China’s economic and financial structure showing positive changes PBOC to keep reasonable aggregate financing growth and adequate liquidity China will improve financing and credit structure Peoples Bank of China holding their Q2 meeting
The close on Friday was 6.2043 7-day repo has opened at 3.42% (prior close was 3.37%) Overnight repo opened at 2.94% (prior close of 3.1%)
prior USD/CNY close was 6.2016