- PBOC CNY reference rate setting for the trading session ahead.
The PBOC allows the yuan to fluctuate within a +/- 2% range, around this reference rate.
PBOC injects 526bn yuan via 7-day reverse repos at 1.4% in open market operations today.
- after maturities net drain is 926.4bn yuan, largest in more than 4 months
This article was written by Eamonn Sheridan at investinglive.com.
