The PBOC follows a managed floating exchange rate system. Allows the yuan to fluctuate within a +/- 2% range, around a central reference rate, or "midpoint."
Previous close 6.9506
Injects 477.5bn yuan through 7-day reverse repos at 1.40%
Earlier:
The PBOC follows a managed floating exchange rate system. Allows the yuan to fluctuate within a +/- 2% range, around a central reference rate, or "midpoint."
Previous close 6.9506
Injects 477.5bn yuan through 7-day reverse repos at 1.40%
Earlier:
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