The PBOC allows the yuan to fluctuate within a +/- 2% range, around this reference rate. More here.
- Injects 157.5bn yuan via 7-day reverse repos in open market operates today. Unchanged rate of 1.4%.
- Injects 300bn yuan via overnight reverse repos also, did not announce the borrowing cost for the overnight reverse repos.
This article was written by Eamonn Sheridan at investinglive.com.
