PBOC sets USD/ CNY central rate at 6.7150 (vs. estimate at 6.6489)

Earlier:

• China’s PBOC lifts FX reserve ratio to 6%: what it means for the yuan, AUD

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The PBOC allows the yuan to fluctuate within a +/- 2% range, around this reference rate. More here on this.

Injected 621 billion yuan of overnight reverse repurchase operations, @1.25%

• 541 billion yuan of overnight reverse repurchase and 412 billion yuan of 7-day reverse repurchase matured
• net withdrawal of 332 billion yuan

This article was written by Eamonn Sheridan at investinglive.com.