The mid rate for the day for USD/CNY from the PBOC
In open market operations:
– To inject 10 bn yuan through 7-day reverse repos
– To inject 30 bn yuan through 14-day reverse repos
10bn yuan mature today, so it’s a net injection of 30bn yuan
People’s Bank of China sets yuan reference rate at 6.8673 (vs. Friday at 6.8786)
