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
#Peoples Bank Of China
China lets some banks pay above SOFR on corporate US dollar deposits
Why it matters: Higher yields could slow companies' yuan conversions and help cap the renminbi's 3% rise this year.