PBOC sets USD/ CNY reference rate for today at 6.4847 (vs. yesterday at 6.4819)

Author: Eamonn Sheridan | Category: Central Banks

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
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