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PBOC sets USD/ CNY central rate at 6.9228 (vs. estimate at 6.8605)

PBOC sets USD/ CNY central rate at 6.9228 (vs. estimate at 6.8605)

Central Banks
Eamonn Sheridan
2 hours ago
  • PBOC CNY reference rate setting for the trading session ahead.
usdcny PBOC CNY reference rate setting for the trading session ahead.

The PBOC allows the yuan to fluctuate within a +/- 2% range, around this reference rate.

PBOC injects 320.5bn yuan via 7-day reverse repos at 1.4% in open market operations today.

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