PBOC sets USD/ CNY reference rate for today at 6.7665 (vs. yesterday at 6.7592)

Author: Eamonn Sheridan | Category: Central Banks

The People's Bank of China with their TGIF (official term) mid rate for the onshore yuan

  • PBOC inject 10 bn yuan through 7-day reverse repos in open market operations (OMOs) today
  • PBOC inject 10 bn yuan through 28-day reverse repos 
The previous two days have seen hefty injections of cash from the bank. Wednesday's was othe largest injection ever. 

For the week, 1.16 tln yuan added via OMOs

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