Open market operations:
– To inject 60 bn yuan through 7-day reverse repos
– To inject 20 bn yuan through 14-day reverse repos
– To inject 10 bn yuan through 28-day reverse repos
After allowing for rolling off RRs that’s a net injection of 70bn yuan today
PBOC sets USD/CNY mid-point today at 6.8740 (vs. yesterday at 6.8651)
