PBOC injects 130bn yuan via 7-day reverse repos
Yuan strength today from the People's Bank of China. The USD was weaker since the previous mid-point set. That didn't matter last week, but seems to be back in the algo this week.
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Recent headline (in the Securities Daily, via Bloomberg):
- China prudent monetary policy should do more
Scratchin' my head on that one.
More on that headline. Its from an opinion piece:
- There is room for a cut in the RRR & the benchmark rate
- There is an expectation of a cut in the RRR & benchmark rate also
- During the process of supply-side reform, monetary policy can do more while maintaining a prudent stance
(via MNI)