PBOC sets USD/ CNY reference rate for today at 6.5451 (vs. Monday at 6.5236)

People's Bank of China onshore yuan mid-rate setting for the trading session ahead

The Reuters survey had a central expectation of 6.5441, Bloomberg's was 6.5439

PBOC injects 20bn yuan through 7-day reverse repos in open market operations (OMOs) today

  • 10bn of RRs mature today
  • thus a net injection of 10bn yuan

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