PBOC injects net 17 bn yuan liquidity, yuan’s fixing raised by 33 pips
FOREX POLICY & REGULATION
PBOC injects net 17 bn yuan liquidity, yuan’s fixing raised by 33 pips
FOREX POLICY & REGULATION

PBOC injects net 17 bn yuan liquidity, yuan’s fixing raised by 33 pips

 

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The People’s Bank of China injects 31 billion yuan of liquidity to the banking system via 7-day reverse repo on Monday, while 14 billion yuan reverse repo expires, leaving a net 17 billion yuan injection. 

The central bank raised the yuan’s fixing by 33 pips to 7.1305 per US dollar on Monday, compared to a fixing of 7.1338 in the previous trading day.