PBOC sets USD/ CNY reference rate for today at 6.8150 (vs. estimate at 6.7733)
The PBOC allows the yuan to fluctuate within a +/- 2% range, around this reference rate. More on this here.
Earlier:
Chinese Loan Prime Rates were set:
- 1year 3% vs. expected and prior 3%
- 5 year 3.5% vs. expected and prior 3.5%
This article was written by Eamonn Sheridan at investinglive.com.