PBOC sets USD/CNY mid-point today at 6.5991 (vs. yesterday at 6.5883)

In Open Market Operations the People's Bank of China

  • to inject 160 bn yuan via 7 day reverse repos
  • to inject 140 bn yuan through 14 day reverse repos

Net 270bn yuan injection through RR OMOs (30 bn yuan in RRs mature today)

Best in 2026

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