PBOC sets USD/ CNY mid-point today at 6.8488 (vs. yesterday at 6.8546)

Author: Eamonn Sheridan | Category: Central Banks

People's Bank of China reference rate for onshore yuan is a touch stronger (for the CNY) today

In Open Market operations, 
  • PBOC inject 100bn yuan through 7-day reverse repos in open market operations (OMOs) today
  • inject 20bn through 14 day RRs
Net 120bn yuan

The bank has popped a bit of extra liquidity in using RRs the last two days … lets see how it impact on stocks there 

By continuing to browse our site you agree to our use of cookies, revised Privacy Notice and Terms of Service. More information about cookiesClose