On shore yuan reference rate for Thursday 17 January 2019

  • PBOC inject 250 bn yuan through 7-day reverse repos in open market operations (OMOs) today
  • PBOC inject 150 bn yuan through 28-day reverse repos

20bn in RRs mature.

  • net injection 250+150-20 = 380bn yuan ;-)

Another hefty addition of funds though not as large as yesterday's record size.

Earlier;