Final reference rate for the week from the People's Bank of China … and what a week
PBOC to skip OMOs today
- given maturing RRs it'll mean a net drain of 110bn yuan in OMO today
For the week, net 500bn yuan drain via OMOs (recall on Wednesday the RRR cut came into effect, PBOC says this added 700bn yuan liquidity, so there is that)
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Earlier on the yuan today:
