China PBoC Interest Rate Decision meets forecasts (3%)

May 20, 2025

China says US undermined the consensus reached in Geneva tariff talks

China on Monday accused the US of undermining the two countries’ preliminary trade agreement after the US issued an industry warning against using Chinese chips that singled out Huawei, per CNBC.

PBOC sets USD/CNY reference rate at 7.1931 vs. 7.1916 previous

The People’s Bank of China (PBOC) set the USD/CNY central rate for the trading session ahead on Tuesday at 7.1931 as compared to the previous day's fix of 7.1916 and 7.2112 Reuters estimate.