The People’s Bank of China (PBOC) injects 2 billion yuan of liquidity to the banking system via 7-day reverse repurchase agreement (reverse repo) on Tuesday, while 2 billion yuan reverse repo expires, leaving a net zero injection.
The central bank raised the yuan’s fixing by 40 pips to 7.1886 per US dollar on Tuesday, compared to a fixing of 7.1926 one day earlier.