PBOC sets USD/ CNY reference rate for today at 6.8386(vs. Friday at 6.8359)

Author: Eamonn Sheridan | Category: Central Banks

People's Bank of China allows the USD/CNY to trade in a band +/- 2% from this central rate

  • offshore yuan (CNH) has no such limit imposed  

PBOC injects 100 billion yuan liquidity via 7-day reverse repo
  • 80 billion yuan reverse repo mature today
  • thus a net 20bn yuan added in 

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