The first reference rate for the (lunar) new year after the long and extended break.
Taking the onshore yuan mid rate back to where it was mid-January
We got the news earlier on the injection coming from the PBOC today:
More info on this now announced:
- 900bn yuan added via 7 day RRs
- 300bn via 14-dayers
(ps read that post linked just above, the 1200bn yuan injection is not all fresh funds, there is over 1000bn maturing today).
