People's Bank of China central rate and open market operations for Monday 14 August 2017

Stronger CNY against the USD again (strongest since 22 September last year)

In open market operations, the People's Bank of China:

  • to inject 110 bn yuan via 7 day reverse repos
  • to inject 100 bn yuan via 14 day reverse repos

Injection matches maturities

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A few headlines in the China press today:

  • PBOC is to boost controls on NCDs (negotiable certificates of deposit)
  • Yuan to continue two-way fluctuation, depreciation expectations will continue to reduce