PBOC sets USD/ CNY reference rate for today at 6.5484 (vs. yesterday at 6.5593)

Author: Eamonn Sheridan | Category: Central Banks

 People's Bank of China 

  • Reuters survey mid-point expected was 6.5506
  • Bloomberg survey estimate 6.5488

PBOC inject 70bn yuan through 7-day RRs in open market operations 
  • 120bn mature
  • thus net 50bn drain

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