PBoC sets USD/CNY reference rate at 7.0975 vs. 7.0974 previous
by Haresh Menghani · FXStreetOn Friday. the People’s Bank of China (PBoC) set the USD/CNY central rate for the trading session ahead at 7.0975 as compared to the previous day's fix of 7.0974 and 7.2058 Reuters estimates.
Meanwhile, the PBoC left the 1-year Medium-term Lending Facility (MLF) interest rate unchanged at 2.5%.
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