PBOC sets USD/CNY reference rate for today at 6.6152

Author: Eamonn Sheridan | Category: Central Banks

People's Bank of China onshore yuan reference rate


In Open Market operations, People's Bank of China
  • To inject 40bn yuan through 7 day reverse repos
  • and to inject 40bn yuan through 28 day reverse repos also
After allowing for maturing RRs it's a net injection of 20 bn yuan

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