PBOC sets USD/CNY mid-point today at 6.6277 (vs. yesterday at 6.6286)

Author: Eamonn Sheridan | Category: Central Banks

People's Bank of China onshore yuan reference rate for today's trading

In open market operations, PBOC:
  • To inject 10 bn yuan through 7 day reverse repos
  • To inject 10 bn yuan through 14 day reverse repos
  • To inject 10 bn yuan through 63 day reverse repos
Net 10bn yuan drain
-
Statement from the PBOC:
  • OMG TGIF!
(actually that's a statement from me)