PBOC sets USD/ CNY reference rate for today at 6.8894(vs. yesterday at 6.8946)

Author: Eamonn Sheridan | Category: Central Banks

Well under the sort of expectations I had seen 

In Open Market operations,
  • PBOC inject 90bn yuan through 7-day reverse repos
  • No RRs mature today, net injection thus 90 bn yuan
130bn yuan injected for the week via open market operations 

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