PBOC shocks markets by setting USD/CNY central rate at 7.0103, far above estimates. What's behind this unexpected move? Injects 358.6bn yuan in 7-day RRs @1.4%. More details to follow.
PBOC shocks markets by setting USD/CNY central rate at 7.0103, far above estimates. What's behind this unexpected move? Injects 358.6bn yuan in 7-day RRs @1.4%. More details to follow.