PBOC sets USD/CNY central rate at 6.5821 (vs. yesterday at 6.5795)

Author: Eamonn Sheridan | Category: Central Banks

People's Bank of China setting the final mid rate for the week

And, in open market operations today  ..... the Bank skips them .... none.
  • Net this means a drain of 80bn yuan (i.e. 80bn yuan of RRs mature today)
  • For the week as a whole, PBOC has net injected 200bn yuan.

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PBOC announce the next reference setting will be delivered down the chimney by a guy with a big white beard.