PBOC sets USD/ CNY central rate at 6.4932 (vs. yesterday at 6.5147)

Author: Eamonn Sheridan | Category: Central Banks

And let's all join together and wish the People's Bank of China a great weekend!

They'll be back on Monday with another rerference rate for us

OK, in OMOs today too:
People's Bank of China to
  • inject  140 bn yuan via 7 day reverse repos
  • inject 130  bn yuan via 14 day reverse repos
Net injection of 180bn yuan today
For the week as a total, net 60bn yuan drain 40bn yuan injection (correcting this)