Government ❯ Central Banking

People's Bank of China

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Chinese Banks Lift U.S. Dollar Deposit Rates to Curb Yuan Rally

They are offering dollar yields at or above SOFR to encourage firms to leave dollars onshore to slow the yuan’s recent appreciation.

PBOC Keeps Loan Prime Rates Unchanged as Policy Stays Cautious

China Holds Loan Prime Rates for Eighth Month as PBOC Leans on Targeted Tools

China Reasserts Crypto Ban as Central Bank Speeds Digital Yuan Expansion

China Opens Shanghai Hub to Push Digital Yuan in Cross-Border Payments

PBOC Holds Loan Prime Rates for Fourth Straight Month Despite Fed Cut