People's Bank of China setting the final mid rate for the week
And, in open market operations today ..... the Bank skips them .... none.
- Net this means a drain of 80bn yuan (i.e. 80bn yuan of RRs mature today)
- For the week as a whole, PBOC has net injected 200bn yuan.
PBOC announce the next reference setting will be delivered down the chimney by a guy with a big white beard.