PBOC sets USD/ CNY reference rate for today at 6.8175 (vs. estimate at 6.8041)

Central Banks


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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PBOC is expected to set the USD/CNY reference rate at 6.8041 – Reuters estimate
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