离岸人民币兑美元汇率相对稳定在7.24左右，这是中国人民银行即将做出中期利率决定前两周的最低水平。人们的预期倾向于中国人民银行在明天的会议上将中期利率保持在2.5%不变，这一利率自2023年8月下调15个基点以来一直保持不变。最近的经济指标呈现出微妙的观点，消费者价格连续第三个月上涨，而生产者价格继续呈下降趋势。此外，4月份的贸易数据显示，进口显著激增，超过了早些时候的预测，而出口保持了预期的稳定。因此，尽管中国人民银行承诺提供进一步的经济支持，但降息并不是唯一的选择。与此同时，投资者正急切地等待本周晚些时候美国的关键经济更新，旨在深入了解美联储对利率的立场。
The offshore yuan held relatively steady around 7.24 per dollar, marking its lowest level in two weeks ahead of the PBOC's upcoming medium-term rate decision. Expectations are leaning towards the PBOC keeping its medium-term interest rate unchanged at 2.5% during its scheduled meeting tomorrow, a rate unchanged since August 2023 when it was reduced by 15 basis points. Recent economic indicators present a nuanced view, with consumer prices seeing a third consecutive month of ascent while producer prices continue its downward trend. Moreover, April's trade data unveiled a notable surge in imports, surpassing earlier forecasts, while exports maintained its expected stability. Thus, while the People's Bank of China has committed to providing further economic support, a rate cut isn't the only option on the table. Meanwhile, investors are eagerly awaiting pivotal economic updates from the US later this week, aiming to glean deeper insights into the Fed's stance on interest rates.
