The PBOC allows the yuan to fluctuate within a +/- 2% range, around this reference rate. More here on this.
- PBoC inject 1 bn yuan via 7-day reverse repos in Open Marekt Operations. Rate unchanged at 1.4%
- 5bn mature today
- net 4bn drain
This article was written by Eamonn Sheridan at investinglive.com.