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Central Banks

News about policymaking in the world’s major central banks with a focus on the People’s Bank of China, the Federal Reserve, the European Central Bank, the Bank of England, the Bank of Japan and the Reserve Bank of Australia.

The US is preparing to implement tariffs on US$34 billion of Chinese imports on Friday. Photo: AFP

Yuan advances as analysts warn reprieve may be temporary

China’s yuan rebounded for a second day on Wednesday as the currency took a breather from its sharp depreciation in recent weeks, although bearish sentiment lingered as the US prepares to implement tariffs on US$34 billion of Chinese imports on July 6.