Strongest level for CNY at the setting since 2 February 2023.
- The PBOC allows the yuan to fluctuate within a +/- 2% range, around this reference rate. More here on this.
- PBOC injects 398 billion yuan through overnight reverse repos
- PBOC injects 56 billion yuan through 7 day reverse repos @1.4%
This article was written by Eamonn Sheridan at investinglive.com.