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General TradingP
People's Bank of China (PBOC)
The central bank of the People's Republic of China, responsible for monetary policy, financial regulation, and managing the Chinese yuan. Its decisions on interest rates and reserve requirements have significant global market impacts.
Example
“When the PBOC unexpectedly cut its medium-term lending facility rate by 10 basis points, the Australian Dollar rallied due to Australia's strong trade ties with China.”