People's Bank of China
- To inject 100bn yuan via 7 day reverse repos
1000 bn yuan of RRs mature today, thus a net drain of 900bn yuan.
The PBOC will not relax with a 900bn yuan drain today. MLF on the way ….
Earlier:
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PBOC sets USD/ CNY central rate at 6.9795 (vs. Friday at 6.9843)
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