PBOC sets USD/ CNY reference rate for today at 6.7195

Author: Eamonn Sheridan | Category: Central Banks

People's Bank of China mid rate setting for the trading session ahead.

In OMOs, PBOC adds 120bn yuan via 7-day reverse reppo agrements
80bn of maturities in RRs today

PBOC also conducting 5bn yuan of CBS
  • CBS is central bank bills swap
  • these have a neutral impact on liquidity in the banking system

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