PBOC cut yuan’s fixing by 89 pips; injects net zero liquidity
STOCKS
PBOC cut yuan’s fixing by 89 pips; injects net zero liquidity
STOCKS

PBOC cut yuan’s fixing by 89 pips; injects net zero liquidity

 

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The People’s Bank of China (PBOC) injects 2 billion yuan liquidity to the banking system via 7-day reverse repo on Friday, while 2 billion yuan reverse repo expires, leaving a net zero injection.

The PBOC cut the yuan’s fixing by 89 pips to 6.7413 per US dollar, compared to a fixing of 6.7324 one day earlier.