PBOC sets USD/ CNY reference rate for today at 6.4847 (vs. yesterday at 6.4819)
People's Bank of China set the onshore yuan mid-rate for the trading session ahead. Slightly weaker for CNY than the consensus expected.
- Reuters estimate from their survey was 6.4826
- Bloomberg 6.4828
PBOC add in 2bn yuan through 7-day RRs in open market operations
- 80 bn mature today
- thus a net 78bn drain
