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PBoC sets USD/CNY reference rate at 7.0979 vs 7.0967 previous

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On Monday, the People’s Bank of China (PBoC) set the USD/CNY central rate for the trading session ahead at 7.0979 as compared to Friday's fix of 7.0967 and 7.2478 Reuters estimates.

Meanwhile, the PBoC kept the 1-year medium-term lending facility (MLF) interest rate unchanged at 2.5%, as expected, and injects 100 billion Yuan via a one year MLF.

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