There was no mid rate yesterday, China was on holiday. The previous central rate was on last Friday, at 6.4306
In Open Market operations:
- PBOC inject 70bn yuan through 7-day reverse repos
- PBOC inject 20bn yuan through 14-day reverse repos
- PBOC inject 10bn yuan through 28-day reverse repos
50bn in RRs mature today, so a net injection of 50bn yuan
Some chatter about the place that the People's Bank of China will conduct an MLF operation today. Which is curious as there are no MLF loans maturing today.
Stay tuned!
