PBOC sets USD/ CNY reference rate for today at 6.9183 (vs. yesterday at 6.9194)

Author: Eamonn Sheridan | Category: Central Banks

People's Bank of China sets the mid rate for the session ahead.

  • PBOC injects 250 billion yuan liquidity via 7-day reverse repo, plus 50bn in 14 dayers
  • 100 billion yuan reverse repo expire today
  • thus a net 200 billion yuan injection
Big injection today.    

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