PBoC sets USD/CNY reference rate at 7.1784 vs. 7.1785 previous

On Thursday, the People’s Bank of China (PBoC) set the USD/CNY central rate for the trading session ahead at 7.1784, as compared to the previous day's fix of 7.1785 and 7.3265 Reuters estimate.

• PBoC injects 424 billion Yuan via 7-day RR, sets the rate at 1.8%.
• 344 billion Yuan of RRs mature today, summing to a net 80 billion Yuan injection on the day in Open Market Operations (OMOs).