China PBoC Interest Rate Decision remains unchanged at 3.45%

Jan 22, 2024

Houthi attacks in Red Sea causing bigger impact on supply chain than early pandemic

A maritime advisory firm Sea-Intelligence said the disruptions to shipping from the Houthi rebel attacks in the Red Sea are already more damaging to the supply chain than the early COVID-19 pandemic.

PBoC sets USD/CNY reference rate at 7.1105 vs. 7.1167 previous

On Monday, the People’s Bank of China (PBoC) set the USD/CNY central rate for the trading session ahead at 7.1105 as compared to Friday's fix of 7.1167 and 7.1870 Reuters estimates.