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PBOC sets USD/CNY central rate at 6.6579 (vs. yesterday at 6.6525)

PBOC sets USD/CNY central rate at 6.6579 (vs. yesterday at 6.6525)

Central Banks
Eamonn Sheridan
25/08/2017 | 01:16 GMT

The Bank skipping OMOs today

  • In effect, with maturing RRs today, it's a 130bn drain net.
  • There were no OMOs yesterday, either (for a net drain of 100bn yuan)

For the week they've drained net 330bn yuan

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