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 


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