PBOC sets USD/ CNY reference rate for today at 6.8423 (vs. yesterday at 6.8364)

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

  • USD/CNH does not have the same limitations 
PBOC injects 120 billion yuan liquidity via 7-day reverse repo
  • 20 billion yuan reverse repo mature today
  • thus a net 100 bn yuan injection
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