PBOC sets USD/CNY central rate at 6.9071 (vs. yesterday at 6.8998)

Author: Eamonn Sheridan | Category: Central Banks

In Open Market operations 

  • To inject 50  bn yuan through 7-day reverse repos
  • To inject 20  bn yuan through 14-day reverse repos
  • To inject 10 bn yuan through 28-day reverse repos        
After maturing RRs, net injection today from the Bank of 30bn yuan