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