PBOC sets USD/CNY central rate at 6.6092(vs. yesterday at 6.6093)

Author: Eamonn Sheridan | Category: Central Banks

In Open Market Operations the People's Bank of China

  • to inject 50bn yuan via 7 day reverse repos
  • to inject 30bn yuan through 14 day reverse repos
Net OMO injection 60bn yuan for today. For the week, net 500bn yuan injection (the biggest week for injections via RRs since the middle of January this year)