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PBOC sets USD/CNY central rate at 6.7774 (vs. yesterday at 6.7802)

PBOC sets USD/CNY central rate at 6.7774 (vs. yesterday at 6.7802)

Central Banks
Eamonn Sheridan
14/07/2017 | 01:16 GMT

The People's Bank of China TGIF yuan reference rate

In open market operations the People's Bank of China

  • to inject 100bn yuan via 7 day reverse repos

There are 100bn yuan in maturities rolling off today ... snap!

For the week as a whole the PBOC drained a net 70bn yuan via OMOs (250bn yuan drain the previous week)

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