PBOC sets USD/CNY reference rate for today at 6.5883 (vs. yesterday at 6.5839)

People's Bank of China onshore yuan rate

In Open Market Operations the People's Bank of China

  • to inject 100 bn yuan via 7 day reverse repos
  • to inject 90 bn yuan through 14 day reverse repos

net injection of 130 bn yuan (after accounting for maturing RRs)

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