PBOC, USD/CNY referans kurunu 6,7220’e çekti; önceki seviye 6,7253 olarak belirlendi

Kısaca

PBOC, USD/CNY referans kurunu 6,7220 olarak belirledi; önceki seviye 6,7253 idi Güncelleme, piyasa beklentilerine yeni bir referans sundu Küresel finansal koşullar ve Türkiye dahil gelişen piyasalar yakından izleyecekler

Ana mesele

PBOC, USD/CNY için referans kuru 6,7220 olarak belirledi

Ne değişti?

Kısa vadeli referans kurunda düşüş yönlü güncelleme kaydedildi

Beni nasıl etkiler?

Kur dalgalanmalarına bağlı olarak ithalat maliyetleri ve kur riski etkilenebilir

Ne oldu?

PBOC, USD/CNY için yeni referans kuru 6,7220 olarak belirlendi; önceki 6,7253 idi

Neden şimdi?

Güncel piyasa dalgalanmaları ve politika araçlarının yönetimiyle uyum için güncelleme yapıldı

Neden önemli?

Kurlar ve ticaret akışları üzerinde kısa vadeli etkiler yaratabilir

Kimler etkileniyor?

• Küresel yatırımcılar
• FX piyasa katılımcıları

Sektör ve piyasa etkisi

Kısa vadede döviz piyasalarında volatiliteyi artırabilir

Riskler

• Kur hareketlerinin aşırı oynaklığı
• Vadeli işlem maliyetlerinde artış

Takip edilmesi gerekenler

• Kısa vadede USD/CNY hareketleri
• Çin ekonomisindeki haberler ve politika yönleri

Haberin tamamı

On Friday, the People’s Bank of China (PBOC) sets the USD/CNY central rate for the trading session ahead at 6.7220 compared to the previous day's fix of 6.7253 and 6.6947 Reuters estimate.

What does the People's Bank of China do?

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.

What are the main policy tools used by the PBoC?

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.

Are private banks allowed in China?

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.

Kaynaklar

• FXStreet