The People’s Bank of China is due to set the daily USD/CNY reference rate at around 0115 GMT (2115 US Eastern time), a fixing that …
Category: Central Banks
Martin Schlegel is the Chairman of the Governing Board of the Swiss National Bank (SNB). He took over as chairman in 2024 and leads the …
Latest tariff news hasn’t changed outlook much Economy shows benign outlook with focus on inflation and wage growth Fed must maintain independence to reach 2% …
Goods price inflation was lower than expected, possibly reflecting China exports Last week’s headline inflation was pretty much where we thought we’d be Pill: Bearing …
AI could trigger most significant reorganization of work in generations Rise in unemployment from AI may not indicate increased slack Current neutral rate possibly higher …
Fed moved too slowly to combat inflation in pandemic There’s a lot of blame to go around for pandemic inflation surge Services inflation not yet …
The US may be heading towards structurally higher unemployment, something the central bank cannot offset The Fed has maintained focus on economic outcomes across groups; …
The onshore yuan hit a 2½-year high as USD/CNY fell below 6.90, with the PBOC signalling greater tolerance for strength. Summary: USD/CNY falls to 6.8954, …
China’s central bank kept benchmark rates unchanged for a ninth month, balancing growth support with yuan stability. Summary: PBOC keeps 1-year LPR at 3.0%, 5-year …
PBOC CNY reference rate setting for the trading session ahead. The PBOC allows the yuan to fluctuate within a +/- 2% range, around this reference …