PBOC sets USD/ CNY reference rate for today at 6.8662 (vs. yesterday at 6.8677)

Author: Eamonn Sheridan | Category: Central Banks

People's Bank of China Friday onshore yuan fix not much changed from Thursday's.

No OMOs from the Bank today, says liquidity reasonable ample.
  • skips OMOs for the 15th consecutive day
  • 100bn yuan of RRs mature, thus a net drain of that amount today
  • net drain of 220bn yuan for the week

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