PBOC sets USD/ CNY reference rate for today at 6.7811 (vs. estimate at 6.7208)
The PBOC allows the yuan to fluctuate within a +/- 2% range, around this reference rate. More here on this.
- PBOC injected 333bn yuan through overnight reverse repos
- and injects 20bn yuan via 7-day reverse repos at unchanged 1.4%
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