PBOC sets USD/ CNY mid-point today at 6.8677 (vs. yesterday at 6.8856)

Author: Eamonn Sheridan | Category: Central Banks

People's Bank of China with a stronger CNY against an across the board weaker USD 

PBOC skips OMOs today
  • 100 bn yuan of RRs mature
  • thus a net drain of 100bn yuan
PBOC cites reasonably ample banking system liquidity despite the maturing RRs and tax payments. 
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