On Monday, the People’s Bank of China (PBOC) fixed the USD/CNY central rate at 7.1926, compared with Friday’s fix of 7.2054 and market expectations of 7.2132.
The PBOC said that it set 7-day reverse repo rate at 1.90% vs 1.90% previously.
The Chinese central bank Injected 2 bln yuan through 7 day reverse repos.