PBOC sets USD/ CNY central rate at 6.8664 (vs. yesterday at 6.8599)

Author: Eamonn Sheridan | Category: Central Banks

People's Bank of China daily reference rate setting has seen two way movement this week, some big swings in keeping with global market moves 



PBOC skips open market operations again today (this is for the 31st session in a row)
  • no RRs mature today, neutral from the bank
  • 31 consecutively is the longest streak since 2016
PBOC says banking liquidity is at a reasonable and plentiful level 
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