PBOC inject 55bn yuan through 7-day reverse repos in open market operations (OMOs) today
Yesterday the PBOC devalued the CNY for the first time in 6 days, but today they've followed that with a big revaluation
Past 6 months of USD/CNY settings:
-
Some earlier headlines from China ...
The National Development and Reform Commission of the People's Republic of China (NDRC)
- says China will implement practive fiscal policy
- China to encourage property destocking in some cities
- China should cut rates and RRR further when appropriate