But the People's Bank of China is also widely expected to cut its benchmark loan prime interest rates on Tuesday, following a similar reduction in medium-term policy loans last week.

Source: https://gazette.com/news/us-world/stocks-rally-stalls-eyes-on-powell-testimony-for-us-rate-clues/article_5ab18375-345f-5ed3-b88f-75a2bfad09fe.html

Paramilitary police officers stand guard in front of the headquarters of the People's Bank of China, the central bank (PBOC), in Beijing, China, Sep 30, 2022.

Source: https://www.channelnewsasia.com/business/china-leaves-benchmark-lending-rates-unchanged-expected-3784491?cid=cna_flip_070214

The MLF rate is a benchmark interest rate that banks in China can use to borrow funds from the People's Bank of China for a period of 6 months to 1 year.

Source: https://www.forexlive.com/centralbank/peoples-bank-of-china-to-boost-liquidity-with-medium-term-lending-mlf-injection-today-20231215/

The People's Bank of China (PBoC) is trying to support Yuan, but PBoC might turn out to be unable to stop Yuan from falling further.

Source: https://seekingalpha.com/article/4631677-photronics-the-foreign-exchange-movements-are-favorable?source=feed_all_articles

The United States has repeatedly referred to a senior Chinese central banker as the head or acting head of the People's Bank of China (PBOC) in recent days, appearing to confirm his expected elevation to the top post.

Source: https://biztoc.com/x/56ec71f7efdaf8ee?ref=ff