The PBOC allows the yuan to fluctuate within a +/- 2% range, around this reference rate. More here on this.
- inject 15 billion yuan of 7-day reverse repurchase operations, rate unchanged at 1.4%
- inject 1 trillion yuan of overnight reverse repurchase operations, 1.25%
This article was written by Eamonn Sheridan at investinglive.com.