PBOC sets USD/CNY central rate at 6.8972 (vs. yesterday at 6.8731)

An in open market operations, the People's Bank of China:

  • to inject 50bn yuan via 7-day reverse repos
  • to inject 20bn yuan via 7-day reverse repos
  • to inject 30bn yuan via 7-day reverse repos

For the week the PBOC drained net 535bn yuan (the prior week the net was a 70bn yuan injection)

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