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PBOC sets Yuan mid-point at 7.1321/USD vs last close 7.2640
PBOC SETS YUAN MID-POINT AT 7.1321 / DLR VS LAST CLOSE 7.2640
— First Squawk (@FirstSquawk) July 25, 2024
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PBOC sets USD/ CNY central rate at 7.1321 (vs. estimate at 7.2706)
The previous close was 7.2640 In open market operations: • PBOC injects 235bn via 7-day RR, sets rate at 1.7%.
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People's Bank of China reduces 1 year Medium-term Lending Facility (MLF) rate to 2.3%
Last week the PBOC left the MLF rate at 2.5%. Cuts today, to 2.3%. • Injects 200bn yuan in a 1 year MLF. Reuters reporting on a statement from the People's Bank of China.
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- Posted: Jul 24, 2024 9:28pm
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