The PBOC's overnight rate is 1.25% ahead of a policy anchor shift. The print matters less than the framework change for China funding markets; watch how the new anchor gets set.
PBOC disclosed 1.25% overnight rate ahead of policy anchor shift.
What changed
PBOC disclosed 1.25% overnight rate ahead of policy anchor shift.
Why it matters
PBOC disclosed 1.25% overnight rate ahead of policy anchor shift. — impact context not separately stored; see What changed.
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Oct 31, 2026 07:53 PM ET