The People's Bank of China has authorized the Bank of China London Branch to act as the clearing bank for Renminbi transactions in the UK, as per the memorandum of cooperation with the Bank of England. This decision aims to enhance the international use of the Renminbi and strengthen financial ties between China and the UK.
| Policy Rate | 3.00% |
| USD/CNY | 6.8695 |
| GDP Growth | 6.8% |
| M2 Growth | 9.1% |
| 10Y Yield | 1.82% |
| 2y10y Spread | +0.45% |
Top traded commodities for China
| Commodity | Price | 1D | 30D |
|---|---|---|---|
| Brent Crude Oil | 71.90 USD/barrel | -1.2% | +9.9% |
| Iron Ore | 107.45 USD/mt | -0.1% | -5.7% |
| Copper | 12,986.61 USD/mt | +10.1% | +53.2% |