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.



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