PBOC sets USD/ CNY reference rate for today at 7.0663 (vs. Friday at 7.0638)

Author: Eamonn Sheridan | Category: Central Banks

People's Bank of China mid-rate for on shore yuan for the day

PBOC skips open market operations
  • 180 billion yuan liquidity is drained from the market due to reverse repo expires today

Meanwhile the Bank of Japan increased its purchases of Japanese Government Bonds at today's scheduled QE operation
  • bought 420bn of those with 5-10 years until maturity, from 400bn the previous time 

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