Created
: 2025.06.18
- English
- English
- What's Myforex
- Share
- Use tools
- Get information
- What's New
- Help center
- About us
- Customer support
- Terms and policies
-
-
PortfolioShare your portfolio and performance in real time -
Events & contestsEvents and contests held by retail brokers around the world
-
-
Real-time spread comparisonCompare spreads of major retail brokers in real time -
Volatility analysisVisualize volatility as a measure of daily market activity -
Swap point comparisonCompare buy and sell swap values for each broker by symbol -
Market rates & chartsCheck prices for all instruments offered by each broker -
IndicatorsProviding in-house developed indicators for MT4/MT5 -
Trading calculatorsCalculation tools for each broker to help you trade
-
-
World FX newsLatest news on forex and cryptocurrencies from around the world -
Broker informationTrading information of retail brokers worldwide -
MetaTrader4/5 user guideUser guide collection for the latest MetaTrader4/5 -
Economic calendarRelease calendar for indicators from official sources of major economies
PBOC Governor Pan: Will improve monetary policy tool box
World FX news
Breaking news
PBOC Governor Pan: Will improve monetary policy tool box
New
2025.06.18 10:59
2025.06.18 10:59
2025.06.18 10:59
People's Bank of China (PBOC) Governor Pan Gongsheng said on Wednesday, they "will improve monetary policy tool box."
Additional quotes
Will set up e-CNY international operation center in Shanghai.
Will work with securities regualtor to push forwad Yuan FX futures trading in Shanghai.
PBOC FAQs
The primary monetary policy objectives of the People's Bank of China (PBoC) are to safeguard price stability, including exchange rate stability, and promote economic growth. China's central bank also aims to implement financial reforms, such as opening and developing the financial market.
The PBoC is owned by the state of the People's Republic of China (PRC), so it is not considered an autonomous institution. The Chinese Communist Party (CCP) Committee Secretary, nominated by the Chairman of the State Council, has a key influence on the PBoC's management and direction, not the governor. However, Mr. Pan Gongsheng currently holds both of these posts.
Unlike the Western economies, the PBoC uses a broader set of monetary policy instruments to achieve its objectives. The primary tools include a seven-day Reverse Repo Rate (RRR), Medium-term Lending Facility (MLF), foreign exchange interventions and Reserve Requirement Ratio (RRR). However, The Loan Prime Rate (LPR) is China's benchmark interest rate. Changes to the LPR directly influence the rates that need to be paid in the market for loans and mortgages and the interest paid on savings. By changing the LPR, China's central bank can also influence the exchange rates of the Chinese Renminbi.
Yes, China has 19 private banks - a small fraction of the financial system. The largest private banks are digital lenders WeBank and MYbank, which are backed by tech giants Tencent and Ant Group, per The Straits Times. In 2014, China allowed domestic lenders fully capitalized by private funds to operate in the state-dominated financial sector.
Last updated
: 2025.06.18
Related articles
US Dollar Index Price Forecast: Keep a bearish vibe, crucial support level emerges near 98.00
10 minutes agoGBP/USD holds positive ground above 1.3450 after UK CPI data, Fed rate decision eyed
2025.06.18 15:29Breaking: UK CPI inflation ticks down to 3.4% YoY in May as expected
2025.06.18 15:01USD/CHF softens to near 0.8150 ahead of Fed rate decision
2025.06.18 14:57NZD/USD climbs to 0.6035 area as USD edges lower ahead of Fed rate decision
2025.06.18 14:19EUR/JPY Price Forecast: Bullish outlook remains in play above 166.50
2025.06.18 14:10
FXStreet is a forex information website, delivering market analysis and news articles 24/7.
It features a number of articles contributed by well-known analysts, in addition to the ones by its editorial team.
Founded in 2000 by Francesc Riverola, a Spanish economist, it has grown to become a world-renowned information website.
Was this article helpful?
We hope you find this article useful. Any comments or suggestions will be greatly appreciated.
We are also looking for writers with extensive experience in forex and crypto to join us.
please contact us at [email protected].
Thank you for your feedback.
Thank you for your feedback.
Most viewed
US Dollar Index Price Forecast: Keep a bearish vibe, crucial support level emerges near 98.00
The US Dollar Index (DXY), an index of the value of the US Dollar (USD) measured against a basket of six world currencies, attracts some sellers to around 98.55 during the early European trading hours on Wednesday.
New
2025.06.18 16:24GBP/USD holds positive ground above 1.3450 after UK CPI data, Fed rate decision eyed
The GBP/USD pair strengthens near 1.3460 during the early European trading hours on Wednesday. The Pound Sterling (GBP) remains firm against the Greenback after the UK Consumer Price Index (CPI) inflation report.
New
2025.06.18 15:29Crude oil price today: WTI price bearish at European opening
West Texas Intermediate (WTI) Oil price falls on Wednesday, early in the European session. WTI trades at $73.01 per barrel, down from Tuesday's close at $73.66.Brent Oil Exchange Rate (Brent crude) is also shedding ground, trading at $75.15 after its previous daily close at $75.70.
New
2025.06.18 15:06Breaking: UK CPI inflation ticks down to 3.4% YoY in May as expected
The United Kingdom (UK) annual headline Consumer Price Index (CPI) increased by 3.4% in May after rising 3.5% in April, the data released by the Office for National Statistics (ONS) showed on Wednesday.
New
2025.06.18 15:01USD/CHF softens to near 0.8150 ahead of Fed rate decision
The USD/CHF pair weakens to near 0.8160, snapping the three-day winning streak during the early European trading hours on Wednesday. The persistent geopolitical tensions in the Middle East lift the safe-haven currency like the Swiss Franc (CHF).
New
2025.06.18 14:57WTI holds losses around $73.00, downside seems limited due to increased supply concerns
West Texas Intermediate (WTI) Oil price retraces its recent gains registered in the previous session, trading around $73.00 during the Asian hours on Wednesday.
New
2025.06.18 14:54NZD/USD climbs to 0.6035 area as USD edges lower ahead of Fed rate decision
The NZD/USD pair attracts some dip-buying near the 0.6000 psychological mark during the Asian session on Wednesday and reverses a part of the previous day's retracement slide from the vicinity of the year-to-date peak.
New
2025.06.18 14:19EUR/JPY Price Forecast: Bullish outlook remains in play above 166.50
The EUR/JPY cross posts modest gains near 166.80 during the early European session on Wednesday. Reduced bets for a Bank of Japan (BoJ) rate hike undermine the Japanese Yen (JPY) and act as a tailwind for the cross.
New
2025.06.18 14:10FX option expiries for Jun 18 NY cut
FX option expiries for Jun 18 NY cut at 10:00 Eastern Time vi a DTCC can be found below.
New
2025.06.18 13:56USD/CAD maintains position above 1.3650 as traders adopt caution ahead of Fed decision
USD/CAD edges lower after losing over 0.5% in the previous session, trading around 1.3660 during the Asian hours on Wednesday. The pair holds losses as the US Dollar (USD) loses ground ahead of the US Federal Reserve's (Fed) interest rate decision due later in the day.
New
2025.06.18 13:48Disclaimer:
All information and content provided on this website is provided for informational purposes only and is not intended to solicit any investment. Although all efforts are made in order to ensure that the information is correct, no guarantee is provided for the accuracy of any content on this website. Any decision made shall be the responsibility of the investor and Myforex does not take any responsibility whatsoever regarding the use of any information provided herein.
The content provided on this website belongs to Myforex and, where stated, the relevant licensors. All rights are reserved by Myforex and the relevant licensors, and no content of this website, whether in full or in part, shall be copied or displayed elsewhere without the explicit written permission of the relevant copyright holder. If you wish to use any part of the content provided on this website, please ensure that you contact Myforex.
Myforex uses cookies to improve the convenience and functionality of this website. This website may include cookies not only by us but also by third parties (advertisers, log analysts, etc.) for the purpose of tracking the activities of users. Cookie policy
