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PBOC sets USD/ CNY reference rate for today at 6.8894(vs. yesterday at 6.8946)

PBOC sets USD/ CNY reference rate for today at 6.8894(vs. yesterday at 6.8946)

Central Banks
Eamonn Sheridan
17/08/2018 | 01:15 GMT

Well under the sort of expectations I had seen

In Open Market operations,

  • PBOC inject 90bn yuan through 7-day reverse repos
  • No RRs mature today, net injection thus 90 bn yuan

130bn yuan injected for the week via open market operations

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