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PBOC sets USD/CNY rate at 7.0979, maintains 1-year MLF rate, and injects 100bn Yuan, limiting yuan's decline against USD.
People's Bank of China (PBOC) set the USD/CNY central rate at 7.0979, maintaining the 1-year MLF interest rate at 2.5% and providing a one-year MLF injection of 100bn Yuan.
The yuan reached a five-month low against the US dollar, but losses were limited by the country's strong official guidance rate.
The PBOC's daily fixing rates and support from state-owned banks help stabilize the yuan's value.
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El BPC fija el tipo USD/CNY en 7,0979, mantiene el tipo MLF a 1 año e inyecta 100.000 millones de yuanes, limitando la caída del yuan frente al dólar.