Also on Friday, CFETS set the basket rate for the yuan:
At 95.02
- up 0.38 on the week (i.e. from 94.64)
Friday was also notable for the introduction of 2-month reverse repos (63-day RRs) to open market operations from the People's Bank of China. this The eases liquidity pressure further, aimed at stabilising it in a more medium to
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