People’s Bank of China sets yuan reference rate at USD/ CNY 6.4795 (vs. Friday at 6.4904)

Author: Eamonn Sheridan | Category: Central Banks

PBOC set the onshore yuan reference rate for the trading session ahead.

Reuters estimate from their survey was 6.4779, Bloomberg 6.4761

PBOC add in 10bn yuan through 7-day RRs in open market operations
  • 10bn mature today
  • thus net neutral

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