People's Bank of China opens the week for the CNY, stronger against the USD

In OMOs today ... none, the PBOC has skipped them again today. Bank citing relatively high liquidity.

On Friday the Bank skipped OMOs, but did inject MLF funds:

  • 6 month maturity, 66.5bn yuan, at 3.05%
  • and 1 year maturity, 392.5bn yuan, at 3.2%

The PBOC is using 'targeted' liquidity injections like this more often