PBOC

PBoC kept the interest rate unchanged. The US stock indices rise despite rising manufacturing inflation :: beragampengetahuan – Beragampengetahuan

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By JustMarkets At the end of Tuesday, the Dow Jones Index (US30) rose by 0.32%, while the Samp;P 500 Index (US500) gained 0.48%. The NASDAQ Technology Index (US100) closed positive 0.75%. The S&P 500 (US500) hit a 5-week high and the NASDAQ (US100) hit a 1-month high. Stocks rose on lower bond yields due to dovish comments from Fed Chair Powell, who said he did not think […]

PBoC kept the interest rate unchanged. The US stock indices rise despite rising manufacturing inflation :: beragampengetahuan – Beragampengetahuan Read More »

What is Yi Gang trying to say in his 1st interview after retiring from PBoC? — Zichen Wang ~ Mike Norman Economics – Beragampengetahuan

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Not about MMT but rather about “money.” Today, I am sharing a January 12, 2024 interview of Yi Gang, former Governor of the People’s Bank of China, by 金融时报 Jinrong Shibao (literally beragampengetahuan), a newspaper by the central bank. Yi obtained his Ph.D. in Economics from the University of Illinois Urbana–Champaign and became an Associate

What is Yi Gang trying to say in his 1st interview after retiring from PBoC? — Zichen Wang ~ Mike Norman Economics – Beragampengetahuan Read More »

Yuan’s exchange rate system managed by PBOC permits 2% fluctuation By beragampengetahuan.com – Beragampengetahuan

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© Reuters. On Tuesday, the People’s Bank of China (PBOC) continued to manage the yuan’s exchange rate against the U.S. dollar using a floating system, allowing for a fluctuation within a +/- 2% band. The system is designed to accommodate market supply-demand dynamics, economic indicators, and global currency market movements. The daily midpoint of the

Yuan’s exchange rate system managed by PBOC permits 2% fluctuation By beragampengetahuan.com – Beragampengetahuan Read More »

PBOC is expected to set the USD/CNY reference rate at 7.1808 – Reuters estimate – Beragampengetahuan

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People’s Bank of China USD/CNY reference rate is due around 0115 GMT. The People’s Bank of China (PBOC), China’s central bank, is responsible for setting the daily midpoint of the yuan (also known as renminbi or RMB). The PBOC follows a managed floating exchange rate system that allows the value of the yuan to fluctuate

PBOC is expected to set the USD/CNY reference rate at 7.1808 – Reuters estimate – Beragampengetahuan Read More »