# PBoC
Latest news and articles about PBoC
Total: 2 articles found
Yuan Strengthens Past 6.90 Against the Dollar, Hitting Highest Level in 33 Months
The yuan climbed past 6.90 per dollar on February 12, reaching levels not seen since May 2023 as both onshore and offshore markets rallied. The move reflects softer dollar dynamics, renewed foreign inflows and cautious central-bank guidance via a conservative midpoint setting, but risks from U.S. policy shifts and domestic growth surprises remain.
PBoC Signals More Easing but with Targeted Tools as Beijing Recasts Monetary Framework
PBoC governor Pan Gongsheng said Beijing will pursue a ‘moderately loose’ monetary policy in 2026 with room for further reserve‑requirement and interest‑rate cuts, while accelerating a shift toward targeted structural tools and a market‑oriented monetary framework. The bank plans to expand re‑lending and risk‑sharing facilities for private firms, tech and small businesses, strengthen macroprudential oversight, and deepen international financial integration.