The PBOC allows the yuan to fluctuate within a +/- 2% range, around this reference rate. More here on this.
- Zero 7-day revere repo today, PBoC cited lack of demand from primary dealer
- 103 billion yuan of 7-day reverse repos matured today
- net withdrawal thus 103 billion yuan
This article was written by Eamonn Sheridan at investinglive.com.