PBOC sets USD/CNY central rate at 6.7940 (vs. yesterday at 6.8292)

The Bank has skipped OMOs again today, for the fifth day in a row.
– Due to maturing RRs in effect it’s a net 60bn yuan drain
– People’s Bank of China statement says liquidity levels in the banking system are relatively high due to high fiscal expenditure ant month-end ….. so pretty much a repeat of