PBOC sets USD/CNY mid-point today at 6.5465 (vs. yesterday at 6.5382)

Author: Eamonn Sheridan | Category: Central Banks

People's Bank of China onshore yuan reference rate, USD/CNY is permitted to trade plus or minus 2% of this rate for the day

  • Weaker for the CNY for the third day in a row

In open market operations

  • People's Bank of China to inject 60bn yuan with 7 day reverse reops
  • To inject 30 bn yuan with 14-day RRs
  • And to inject 10 bn via 28-day reverse repos
Net 100bn yuan injection (no RRs mature today)

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