The PBOC allows the yuan to fluctuate within a +/- 2% range, around this reference rate.
- PBOC injects 20.5bn yuan in 7-day reverse repos at 1.4% (unchanged) in open market operations
Earlier the PBOC left Loan Prime Rates (LPR) unchanged for a 10th consecutive month at 3.5% for 5 year and 3% for 1 year.
This article was written by Eamonn Sheridan at investinglive.com.
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