PBOC: Yuan reference rate at 6.3915

FXStreet (Bali) - People's Bank of China (PBOC) set the yuan reference rate at 6.3915 vs yesterday's fix at 6.3963 and Wednesday's close of 6.3955. Moreover, the PBOC has injected 120bn yuan in 7-day reverse repos..

Aug 20, 2015

China: Another 50bp bank RRR cut due in August - Nomura

According to Asia Economics Team at Nomura, Wednesday's PBOC RMB110bn liquidity injection does not change the bank's core view that there will be one 50bp bank reserve requirement ratio (RRR) cut in August.

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Aug 20, 2015

CNY downgraded for 6.55 by year end - ANZ

Khoon Goh, analyst at ANZ explained that they have downgraded their CNY forecasts in light of the shift in the RMB’s exchange rate regime.

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