PBOC sets USD/ CNY mid-point today at 6.9438 (vs. estimate at 6.9109)

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

Previous close 6.9140

PBOC inject 78.5bn yuan via 7-day RRs @1.4% and 400bn yuan via 14-dayers @1.65%

Earlier:

• ICYMI - PBOC pledges loose policy, ample liquidity