The PBOC allows the yuan to fluctuate within a +/- 2% range, around this reference rate.
- Injects 24.5bn yuan in 7-day reverse repos at 1.4% (unchanged) in open market operations
PBOC sets USD/ CNY mid-point today at 6.8959 (vs. estimate at 6.8853)
- PBOC CNY reference rate setting for the trading session ahead.
