PBOC drained 1.156 tn yuan liquidity from market this week, raised yuan’s fixing against dollar by 103 pips
POLICY & REGULATION
PBOC drained 1.156 tn yuan liquidity from market this week, raised yuan’s fixing against dollar by 103 pips
POLICY & REGULATION

PBOC drained 1.156 tn yuan liquidity from market this week, raised yuan’s fixing against dollar by 103 pips

 

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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 103 billion yuan reverse repo expires, leaving a net 101 billion yuan drained from the market. 

For the week, the central bank drained a net 1.156 trillion yuan of liquidity from the market.

The PBOC raised the yuan’s fixing by 44 pips to 7.2054 per US dollar on Friday, compared to a fixing of 7.2098 one day earlier. 

For the week, the central bank raised the yuan’s fixing by 103 pips against the US dollar.