The People’s Bank of China set the onshore yuan reference rate for the trading session ahead.
- The previous close was 6.5724
- Reuters estimate from their survey was 6.5713, Bloomberg 6.5713 …. (A rate that’s significantly stronger or weaker than expected is typically considered a signal from the PBOC.)
injects 10 billion yuan liquidity via 7-day reverse repo
10 billion yuan reverse repo matures today
thus neutral, no net injection nor drain
23rd day in a row of neutral