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.



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