PBOC sets USD/ CNY central rate at 6.9228 (vs. estimate at 6.8605)

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

PBOC injects 320.5bn yuan via 7-day reverse repos at 1.4% in open market operations today.

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