People's Bank of China sets the onshore yuan mid rate slightly weaker for the yuan to open the week.
Injects 20bn yuan via 7 day RRs (30bn mature thus a net 10 drain)
Earlier:
- China - PBOC to announce new reference rate for bank loans, to lower borrowing costs to firms
- China interest rate liberalisation announced- one step closer to free-floating yuan
more to come
