{
  "id": 153301,
  "title": "PBOC sets USD/CNY reference rate at 6.7889 vs. 6.7917 previous",
  "url": "https://urgent.news/2026/08/05/pboc-sets-usd-cny-reference-rate-at-6-7889-vs-6-7917-previous",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-08-05T01:15:30.000Z",
  "source": {
    "name": "FXStreet",
    "slug": "fxstreet",
    "url": "https://www.fxstreet.com/news/pboc-sets-usd-cny-reference-rate-at-67889-vs-67917-previous-202608050115"
  },
  "original_language": "en",
  "account": null,
  "summary": "The People's Bank of China (PBOC) recently adjusted the USD/CNY reference rate to 6.7889, down from the previous day's rate of 6.7917. The central bank's primary objectives include maintaining price stability, promoting economic growth, and implementing financial reforms. The PBOC, which is owned by the state of the People's Republic of China, is not considered an autonomous institution and is influenced by the Chinese Communist Party. The bank uses a range of monetary policy tools to achieve its goals, with the Loan Prime Rate (LPR) serving as a benchmark for interest rates in the market.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}