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People’s Bank of China sets yuan reference rate at 6.8701 (vs. Friday at 6.8845)

ByEamonn Sheridan

Mar 27, 2017

PBOC open market operations today … well, the bank says none today. The Bank says bank liquidity is high.
By skipping OMOs in effect the bank has drained a net 80bn yen (maturing RRs)

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