PBOC sets USD/ CNY mid-point today at 6.9826 (vs. yesterday at 6.9795)
People's Bank of China onshore yuan reference rate for the session ahead
- the rate is permitted to vary +/- 2% before the PBOC will intervene to halt it.
CNH (the offshore yuan) has no such restriction on its range.
Skips OMOs today:
- In effect drains 220 bn yuan once maturing RRs are taken into account