PBOC injects net 13 bn yuan liquidity via OMO, yuan’s fixing cut to 7.1453
STOCKS
PBOC injects net 13 bn yuan liquidity via OMO, yuan’s fixing cut to 7.1453
STOCKS

PBOC injects net 13 bn yuan liquidity via OMO, yuan’s fixing cut to 7.1453

 

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The People’s Bank of China injects 15 billion yuan liquidity to the banking system via 7-day reverse repo on Tuesday, while 2 billion yuan reverse repo expires, leaving a net 13 billion yuan injection to the market.

The PBOC cut the yuan’s fixing by 127 pips to 7.1453 per US dollar on Tuesday, compared to a fixing of 7.1326 one day earlier.