PBOC sets USD/ CNY reference rate for today at 6.8150 (vs. estimate at 6.7733)

Central Banks


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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Central Banks
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How have interest rate expectations changed after this week’s events?
Central Banks
How have interest rate expectations changed after this week’s events?
PBOC is expected to set the USD/CNY reference rate at 6.8015 – Reuters estimate
Central Banks
PBOC is expected to set the USD/CNY reference rate at 6.8015 – Reuters estimate

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