The PBOC allows the yuan to fluctuate within a +/- 2% range, around this reference rate.
- PBOC injects 51bn yuan in 7-day reverse repos at 1.4% (unchanged) in open market operations
PBOC sets USD/ CNY central rate at 6.8961 (vs. estimate at 6.8874)
- PBOC CNY reference rate setting for the trading session ahead.
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