PBOC sets USD/ CNY reference rate for today at 6.4617 (vs. yesterday at 6.4696)
People's Bank of China set the onshore yuan mid-rate for the trading session ahead.
- Reuters estimate was 6.4618
- Bloomberg's was 6.4608
PBOC add in 2bn yuan through 7-day RRs in open market operations
- 2 bn mature today
- thus neutral today
- For the week as a while net 598 bn yuan inject into the banking system via open market operations (614 bn injections, offset with 16 bn yuan reverse repo maturities).