PBOC sets USD/ CNY reference rate for today at 6.8878 (vs. yesterday at 6.8807)

Author: Eamonn Sheridan | Category: Central Banks

People's Bank of China 

Injects 200bn yuan via 14 day RRs today.

For the week injects a total of 900 bn yuan
  • 600 bn yuan through 14-day reverse repo
  • 300 bn yuan via MLF loans
  • the highest one-week injection on record
Bring on the New Year holiday (liquidity provision ahead of this) 

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