PBOC sets USD/ CNY reference rate for today at 6.9429 (vs. yesterday at 6.9597)

Author: Eamonn Sheridan | Category: Central Banks

People's Bank of China onshore yuan central rate

  • USD/CNY can trade +/- 2% from this rate 
  • USD/CNH has no such bound
PBOC inject 150bn yuan through 7-day reverse repos in open market operations (OMOs) today

No maturing RRs  
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