The People's Bank of China shifts to an overnight rate system similar to the Federal Reserve's, aiming to reduce money-market volatility and boost yuan bond

The move advances a shift toward a price-based monetary policy framework

China will establish a new liquidity facility for overseas central banks and official institutions, People's Bank of China Governor Pan Gongsheng said, in what analysts described…

The People's Bank of China injected roughly 420 billion yuan via 7-day reverse repos at 1.40%, up from 393 billion yuan the prior day.

The People's Bank of China restructured its quarterly report for the first time in 20 years, hinting at a shift toward an overnight rate policy anchor.

China's central bank hints at adopting an overnight policy rate, enhancing flexibility and precision in managing market conditions.

The People's Bank of China shifts to an overnight rate system similar to the Federal Reserve's, aiming to reduce money-market volatility and boost yuan bond