PBOC sets USD/ CNY reference rate for today at 6.8648 (vs. estimate at 6.8291)

Earlier:

• PBOC leaves loan prime rates unchanged, as expected.

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

Injects 500mn yuan via 7-day reverse repos in open market operates today. Unchanged rate of 1.4%.

This article was written by Eamonn Sheridan at investinglive.com.

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