The reference rate setting is here:
Which is another mid-rate way below what was expected.
In open market operations (OMOs) the PBOC injects 2bn yuan via 7-day reverse repos (RRs) at an unchanged rate of 1.9%
- 193bn yuan of RRs mature today
- thus a net 191bn yuan drain on the day in OMOs
Meanwhile USD/CNH is ticking up a little after the setting:
