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.

• PBOC sets Yuan reference rate at 7.0490