PBOC sets USD/ CNY reference rate for today at 7.0742 (vs. yesterday at 7.0999)

Author: Eamonn Sheridan | Category: Central Banks

People's Bank of China onshore yuan mid rate for the trading session ahead. 

Skips OMOs today but the PBoC to conduct 5Bln Yuan of CBS Operation on March 25

CBS operation 
  • central bank bills swap
  • these have a neutral impact on liquidity in the banking system

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