PBOC pumps up the yuan
OMOS:
- injects 20bn yuan via 7 day reverse repos
No RRs mature.
A little earlier the PBOC said it would implement 1-year central bank bill swaps
- worth 1.5 billion yuan
A small move only. At the margin it will help boost lending. The amount is not of much significance though.
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Plenty of yuan news about the place …. ICYMI: