PBOC narrows rate corridor, points China toward overnight benchmark
Why it matters: Tighter control of overnight funding costs could sharpen how China transmits monetary policy through banks and markets.
Bloomberg, The Business Times (Singapore)
Subject
#Pan Gongsheng
BI expands yuan swap and QRIS cross-border ties with China, Hong Kong
The scheme covers rupiah-renminbi trade payments for Indonesia-China commerce valued at US$154.5 billion in 2025.
CNN Indonesia, Republika +1
BI, PBOC launch cross-border QR and expand rupiah-yuan swap
New: Bank Mandiri joins CIPS directly, while 191 providers in China and 24 in Indonesia are linked for QR payments.