PBOC sets USD/ CNY reference rate for today at 6.7180 (vs. estimate at 6.6758)

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

• Bank injects 258bn yuan via overnight reverse repos, no 7-day RRs

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As background on the overnight OMOs:

• Explainer: China eyes overnight rate as main policy tool, what it means for markets

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