PBOC sets USD/ CNY mid-point today at 6.5228 (vs. yesterday at 6.5036)

The People’s Bank of China set the onshore yuan reference rate for the trading session ahead.  

  • Reuters estimate from their survey was 6.5232, Bloomberg 6.5241 

injects 10 billion yuan liquidity via 7-day reverse repo

  • 10 billion yuan reverse repo matures today

  • thus neutral, no net injection nor drain

  • 18th day in a row of neutral

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