CENTRAL BANKS

PBOC sets USD / CNY benchmark rate for today at 6.7050 (vs. Friday at 6.7232)



People’s Bank of China average rate, survey estimates were 6.7049 (Bloomberg) and 6.7086 (Reuters)
In OMOs,
– PBOC adds 50 billion yuan through 7-day reverse repurchase agreements, matching the 50 billion that expire today

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