PBOC sets USD/CNY mid-point today at 6.7373 (vs. yesterday at 6.7307)

In open market operations the People's Bank of China is:

  • to inject 100 bn yuan via 7 day reverse repos
  • to inject 40 bn yuan via 14 day reverse repos

100bn yuan in RRs mature today, thus a 40bn net injection

For the week, PBOC has injected net 280bn yuan (net 510bn yuan injection the previous week)

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