People’s Bank of China (PBOC) sets yuan reference rate at 6.1564 (vs. prior set at 6.1535)

Author: Eamonn Sheridan | Category: Central Banks
  • prior close was 6.2047
  • PBOC to drain 18 bn yuan via 28-day repos today
  • PBOC to inject 17 bn yuan for the week (vs. 50 bn yuan injection prior week)
  • 7-day repo has opened at 3.62% (prior close was 3.48%)
  • Overnight repo opened 3.21% (prior close 3.27%)

Goldman Sachs comments earlier on the volatility of the CNY fix (see the comments to that post for more detail if interested)

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