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PBOC sets Yuan mid-point at 7.0996 against the US Dollar, compared to last close of 7.2290
PBOC SETS YUAN MID-POINT AT 7.0996 AGAINST THE DOLLAR, COMPARED TO LAST CLOSE OF 7.2290.
— FinancialJuice (@financialjuice) March 25, 2024
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The Bank had been conducting market operations, including purchases of Japanese government bonds (JGBs), in accordance with the guideline for market operations and the guideline for conduct of yield curve control, both of which were decided at the previous meeting on December 18 and 19, 2023. 6 As for the Bank's conduct of nimble market operations, it had reduced the amount of its scheduled JGB purchases, for example, mainly taking into account interest rate developments and supply and demand conditions in the JGB markets. With these market operations, long-term interest rates had been at levels consistent with the Bank's guideline and the shape of the JGB yield curve continued to be generally smooth. The Bank had conducted operations to purchase exchange-traded funds (ETFs), Japan real estate investment trusts (J-REITs), CP, and corporate bonds in accordance with the guidelines for asset purchases decided at the previous meeting. post: BoJ Members: Likelihood Of Hitting Price Goal Gradually Rising post: BoJ Member: Delay In Ending Negative Rate Risks Rapid Tightening post: BoJ Member: BoJ Flexibility To Be Reduced When Others Cut Rates
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- Posted: Mar 24, 2024 9:17pm
- Submitted by:Category: High Impact Breaking NewsComments: 0 / Views: 4,842