People's Bank of China (PBOC) sets the yuan mid point reference rate
- Yesterday's mid point was set at 6.5590
PBOC to inject 80 bn yuan with 7 day reverse repos
- And to inject 75 bn yuan via 28-day reverse repos
Another pretty much nothing yuan setting - a marginal change again. Stability.
The injections into the money market are said to be to provide liquidity ahead of the upcoming lunar (new year) holdiays
