PBOC sets USD/CNY reference rate at 7.2150 vs. 7.3297 previous

Market news

8 September 2023

PBOC sets USD/CNY reference rate at 7.2150 vs. 7.3297 previous

On Friday, the People’s Bank of China (PBOC) fixed the USD/CNY central rate at 7.2150, compared with Thursday’s fix of 7.3297 and market expectations of 7.3284.

The PBOC said that it injected CNY363 billion via seven-day Reverse Repos at 1.8% in open market operations (OMO).

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