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