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

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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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