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.
