Home PBOC set the Yuan reference rate at 6.6180

PBOC set the Yuan reference rate at 6.6180

Updated: 5 Jul. 2018 | 03:16

The People’s Bank of China (PBOC) set the Yuan reference rate at 6.6180 vs previous day’s fix of 6.6595.

The central bank’s targeted reserve requirement ratio (RRR) cut takes effect today and is seen releasing about CNY 700 billion in liquidity.

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