The PBOC allows the yuan to fluctuate within a +/- 2% range, around this reference rate. More on this here.
- Injects 476.5bn yuan via 7-day reverse repos in open market operates today. Unchanged rate of 1.4%.
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.
