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      PBOC Sets Yuan Central Rate at 6.8594 Against the Dollar

      The People's Bank of China (PBOC) has established the central exchange rate for the yuan at 6.8594 against the US dollar, which is higher than the market estimate of 6.8112. This rate allows the yuan to fluctuate within a range of plus or minus 2%.

      In addition to setting the exchange rate, the PBOC injected 5 billion yuan into the financial system through 7-day reverse repos during today's open market operations. The interest rate for these transactions remains unchanged at 1.4%.

      © 2026 KLEA News. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

      Source: KLEA News

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