PBOC sets USD/ CNY mid-point today at 6.8898 (vs. estimate at 6.8773)
News brief
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 operationsEarlier 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…
Why traders care
For traders, the practical value is less about the headline alone and more about how it changes context, sentiment and the quality of the next decision.
What to watch next
- Watch follow-through, not just the first reaction: liquidity, volatility and confirmation across related assets usually tell the real story.
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 operationsEarlier 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… 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. 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. For traders, the practical value is less about the headline alone and more about how it changes context, sentiment and the quality of the next decision. Watch follow-through, not just the first reaction: liquidity, volatility and confirmation across related assets usually tell the real story.
