#POBC#

Good morning traders! This is the official account to find out all the breaking news that may/may not affect your trading decision such as economic policies, political moves, global agendas, and more. BUT first, to start off your day with a bang, here's a recap of the important news we think you sho

Good morning traders! This is the official account to find out all the breaking news that may/may not affect your trading decision such as economy policies, political moves, global agendas and more. BUT first, to start off your day with a bang, here's a recap of the important news we think you shoul

In recent trade today, the People’s Bank of China (PBOC) set the yuan mid-point against the dollar at 6.4522 vs last close 6.4556 and the previous day's 6.4615. About the fix China maintains strict control of the yuan’s rate on the mainland, the current known as CNY which differs from its offshore y

According to a commentary in the 21st Century Business Herald published on Sunday, the People’s Bank of China’s (PBOC) latest Q2 monetary policy report suggests a marginal tightening. Key quotes “Compared with the Q1 report, the PBOC has put forward a new requirement that monetary policy should take

ASIA: The Peoples Bank of China cut its one-year and five-year loan prime rates by 5 basis points. Yesterday, the central bank ordered banks to use the lowered rate to help bolster the economy. The new rates are 4.15 % for the one-year and 4.80% for the five-year, with the growth rate of China hover