The PBOC allows the yuan to fluctuate within a +/- 2% range, around this reference rate. More here on this.
- strongest for CNY since 3 February 2023
- PBoC inject 162bn yuan via 7 day reverse repo today
- inject 600 bn yuan of overnight reverse repurchase operations
This article was written by Eamonn Sheridan at investinglive.com.