People's Bank of China and the rest of China is back from the week long lunar new year holidays

USD/ CNY reference rate set for today at 6.3530. The previous mid rate was 6.3428.

In Open Market operations, the Bank:

  • injects 160 bn yuan via 7-day reverse repos
  • injects 130 bn yuan via 28-day reverse repos
  • injects 60 bn yuan via 63-day reverse repos

Net injection of 350bn yuan