Tuesday's mid point for USD/CNY tarde

People's Bank of China:

  • to inject 50bn yuan with 7 day reverse repos
  • to inject 30bn yuan with 14 day reverse repos
  • to inject 20bn yuan with 28 day reverse repos

Net injection is 20bn yuan (confused? .... the net is after accounting for maturing RRs, which work as a drain .... so an injection of 100bn minus 80bn maturing equals net 20bn injection)