PBOC sets USD/ CNY reference rate for today at 6.4845 (Friday's was 6.4633)

Author: Eamonn Sheridan | Category: Central Banks

People's Bank of China set the onshore yuan mid-rate for the trading session ahead.

Reuters estimate from their survey was 6.4873, Bloomberg 6.4853

PBOC add in 2bn yuan through 7-day RRs in open market operations
  • 5bn mature today
  • thus a net 3bn drain  
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