1. Hello Guest Click here to check FX Binary Point Financial Directory

PBOC sets USD/CNY mid-point today at 6.6726 (vs. yesterday at 6.6908)

Discussion in 'Fundamental Analysis' started by ForexLive, Sep 13, 2016.

  1. ForexLive

    ForexLive Forum Member

    Sep 2, 2015
    Likes Received:
    - And 30bn yuan through 14-day reverse repos - And 60bn yuan through Yes, that's right, using 28 day reverse repos today too. In late August the PBOC re-introduced 14-day reverse repos in addition to their use of 7-day reverse repos. One of the bank's aims was to curb short-term borrowing used to purchase longer term bonds; and this is behind the use of 28-day reverse repos now.

    Continue reading...

Share This Page