PBOC sets USD/ CNY central rate at 6.8996 (vs. yesterday at 6.8693)

Author: Eamonn Sheridan | Category: Central Banks

People's Bank of China onshore yuan reference rate

You know the deal right? 
  • PBOC allows fluctuation plus or minus 2% from this point (for the CNY that is, CNH is a no holds barred deal) 
PBOC skips open market operations again today (this is for the 33rd session in a row)
  • no RRs mature today, neutral from the bank
  • 33 consecutively is the longest streak since 2016 (when the OMO policy begain)
That's it, I'm calling the Guinness Book of World Records 

 
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