PBOC cuts the $CNY Central Parity Rate by 380 pips to 6.7602 per US dollar, the most in a month.
The central bank injects a net of 515 billion yuan via RRP into the open market to hedge against bond issuance payments before the Lunar New Year.
![PBOC cuts the $CNY Central Parity Rate by 380 pips to 6.7602 per US dollar, the most in a month.](https://ussnsimg.moomoo.com/feed_image/103055095/22008e7f532a35b68e050429360a134d.png/bigmoo)
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