PBOC injects CNY 60bn via 7-day reverse repos on Thursday

The People’s Bank of China (PBOC), Chinese central injected CNY 60bn through 7-day reverse repos today.
Meanwhile, CNY 30bn mature today, therefore, a net drain of CNY 30bn.
PBOC continues to set a weaker Yuan midpoint rate beyond the 7.0 level.
Author

Dhwani Mehta
FXStreet
Residing in Mumbai (India), Dhwani is a Senior Analyst and Manager of the Asian session at FXStreet. She has over 10 years of experience in analyzing and covering the global financial markets, with specialization in Forex and commodities markets.

















