PBOC injects net 18 bn yuan liquidity this week, yuan’s fixing recovers 7.14 mark

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The People’s Bank of China injects 20 billion yuan liquidity to the banking system via 7-day reverse repurchase agreement on Friday, while 2 billion yuan reverse repo expires, leaving a net 18 billion yuan injection.

For the week, the PBOC injected 31 billion yuan liquidity to the banking system via 7-day reverse repo, while 13 billion yuan reverse repo expired, leaving a net 18 billion yuan of injection.

The central bank raised the yuan’s fixing by 209 pips to 7.1318 per US dollar on Friday, compared to a fixing of 7.1527 one day earlier.