A weaker setting for the onshore yuan, weaker than expected
In Open Market operations, PBOC injecting funds again today
- 20bn yuan via 14 day RRs
A net of 160bn yuan in RRs mature today, so with a 20bn injections its a net 140bn drain on the day.
In Open Market operations, PBOC injecting funds again today
A net of 160bn yuan in RRs mature today, so with a 20bn injections its a net 140bn drain on the day.
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