People's Bank of China sets yuan mid-point at 6.7367 per dollar

People's Bank of China: The People's Bank of China is the central bank of the People's Republic of China, responsible for formulating and implementing monetary policy as well as regulating the nation's financial institutions and markets. It conducts daily operations to guide the value of the renminbi, including setting reference exchange rates against major currencies. The news directly reports its latest determination of the yuan's daily midpoint rate against the US dollar. Currency Management: The People's Bank of China routinely publishes a daily midpoint fixing for the yuan to provide guidance to market participants and support exchange rate stability. Monetary Policy Role: As China's primary monetary authority, the People's Bank of China uses tools like the yuan midpoint to influence broader economic conditions and respond to external pressures.