PBOC injects net 180 bn yuan liquidity via OMO, cut yuan’s fixing to weakest since Nov 2022
FOREX POLICY & REGULATION
PBOC injects net 180 bn yuan liquidity via OMO, cut yuan’s fixing to weakest since Nov 2022
FOREX POLICY & REGULATION

PBOC injects net 180 bn yuan liquidity via OMO, cut yuan’s fixing to weakest since Nov 2022

 

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The People’s Bank of China injected 182 billion yuan of liquidity to the banking system via 7-day reverse repo on Tuesday, while 2 billion yuan reverse repo expires, leaving a net injection of 180 billion yuan. 

The PBOC slashed the yuan’s fixing by 395 pips to 7.1596 per US dollar on Tuesday, marking the weakest levels since November 30, 2022, and the biggest cut since March 16, 2023.