PBOC sets USD/ CNY central rate at 6.7592 (vs. yesterday at 6.7615)

PBOC sets USD/ CNY central rate at 6.7592 (vs. yesterday at 6.7615)

On shore yuan reference rate for Thursday 17 January 2019 

  • PBOC inject 250 bn yuan through 7-day reverse repos in open market operations (OMOs) today
  • PBOC inject 150 bn yuan through 28-day reverse repos 

20bn in RRs mature. 

  • net injection 250+150-20 = 380bn yuan 😉

Another hefty addition of funds though not as large as yesterday’s record size.

Earlier;

ForexLive

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