The PBOC allows the yuan to fluctuate within a +/- 2% range, around this reference rate.
- PBOC injects 146.2bn yuan in 7-day reverse repos at 1.4% (unchanged) in open market operations
- for the week the PBOC have injected net 231.9bn
This article was written by Eamonn Sheridan at investinglive.com.
