PBOC sets USD/ CNY reference rate for today at 7.0037 (vs. Friday at 7.0091 )

Author: Eamonn Sheridan | Category: Central Banks

People's Bank of China set the mid rate for the onshore yuan today. 



PBOC adds 180bn yuan via 7 day reverse repo
  • no RRs mature today
  • thus a net 180bn injection of funds to the money market

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