# PBOC Shifts to Overnight Rate, Fed’s Goolsbee Warns on Inflation

> The PBOC conducted 187 billion yuan of overnight reverse repos at 1.25%, marking a shift toward a price-based monetary framework with the overnight rate as its anchor. The report also said Chicago Fed President Austan Goolsbee described October inflation as concerning and that the yuan’s fix weakened to 6.7191 per dollar, its lowest in nearly three weeks.

- Date: 2026-11-11 · published 2026-11-11T03:11:43.675Z
- Category: policy · region China · magnitude low
- Page: https://feedsoft.ai/events/92823-pboc-shifts-to-overnight-rate-fed-s-goolsbee-warns-on-inflation
- Commodities: [Chinese Yuan (CNY per USD)](https://feedsoft.ai/c/USDCNY.md)

## Why it matters

The PBOC’s policy-framework shift may affect Chinese financial conditions, while persistent U.S. inflation concerns could support the dollar and raise the cost of dollar-priced imports for Chinese buyers.

## Read by commodity

- USDCNY: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| USDCNY | 2020-07-03 | [PBOC Softens Yuan-Dollar Central Parity Rate by 72 Bips to 7.0638](https://feedsoft.ai/events/9735-pboc-softens-yuan-dollar-central-parity-rate-by-72-bips-to-7-0638.md) | -0.9% | -1.3% |
| USDCNY | 2026-02-27 | [USD/CNY & USD/CNH jump as PBoC cuts FX RRR to zero, cooling yuan gains](https://feedsoft.ai/events/20790-usd-cny-and-usd-cnh-jump-as-pboc-cuts-fx-rrr-to-zero-cooling-yuan-gains.md) | +0.7% | +1.0% |
| USDCNY | 2022-01-17 | [China cuts rates on policy loans, analysts point to more easing ahead](https://feedsoft.ai/events/43362-china-cuts-rates-on-policy-loans-analysts-point-to-more-easing-ahead.md) | -0.3% | +0.1% |
| USDCNY | 2021-12-10 | [FX Daily: PBOC back in the (FX) game \| articles \| ING THINK](https://feedsoft.ai/events/11299-fx-daily-pboc-back-in-the-fx-game-articles-ing-think.md) | -0.2% | -0.0% |
| USDCNY | 2025-01-23 | [China’s yuan slips on worries over Trump tariff plans, pre-holiday dollar demand - Markets - Business Recorder](https://feedsoft.ai/events/9598-china-s-yuan-slips-on-worries-over-trump-tariff-plans-pre-holiday-dollar-demand.md) | -0.4% | -0.2% |

## Sources

- cvj.ai: https://cvj.ai/briefing/finance-news/pboc-shifts-to-overnight-rate-feds-goolsbee-warns-on-inflation/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.