With reverse repo coming due, the People’s Bank of China drained CNY 120 billion from the market on Monday.
The central bank skipped the open market operations (OMO) and raised the yuan midpoint rate by 133 pips to 6.9377 vs Friday’s fix of 6.9510.
With reverse repo coming due, the People’s Bank of China drained CNY 120 billion from the market on Monday.
The central bank skipped the open market operations (OMO) and raised the yuan midpoint rate by 133 pips to 6.9377 vs Friday’s fix of 6.9510.