PBOC injects net 155 bn yuan liquidity via OMO on Monday

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The People’s Bank of China injects 244 billion yuan liquidity to the banking system via 7-day reverse repo on Monday to maintain steady market liquidity at the end of the first half of the year, while 89 billion yuan reverse repo expires, leaving a net 155 billion yuan of injection. 

One day earlier, the central bank injected 196 billion yuan to the banking system via 7-day reverse repo, while 44 billion yuan reverse repo expired, leaving a net 152 billion yuan of injection. 

In addition, the PBOC cut the yuan’s fixing by 261 pips to 7.2056 per US dollar on Monday, the weakest level since November last year, compared to a fixing of 7.1795 in the previous trading day.