POLICY & REGULATION
PBOC injects net 73.83 bn yuan liquidity via open market operation
The PBOC injects 74.5 billion yuan liquidity via 7-day reverse repo on Monday, at an interest rate of 1.7%, while 670 million yuan of reverse repo expires, leaving a net 73.83 billion yuan of injection on the day.
PBOC cut yuan’s fixing by 9 pips to 7.1458 per dollar
The People’s Bank of China (PBOC) cut the yuan’s fixing by 9 pips to 7.1458 per US dollar on Monday, compared to a fixing of 7.1449 in the previous trading day.