People’s Bank of China Sets USD/CNY at 7.0975
Quick Look PBoC sets the USD/CNY reference rate at 7.0975, defying the estimate of 7.2058. 1-Year MLF rate and 7-day RR maintained in China, signalling steady monetary policy. Net liquidity injection of 3 billion yuan amidst ongoing market regulation efforts. Post-” “quant quake” scrutiny increases, with significant adjustments in key quant funds. CSRC underscores fairness, …