PBOC injects zero liquidity; cut yuan’s fixing by 290 pips

>>REAL-TIME UPDATES IN THE WIRE. CLICK HERE<<<

The PBOC injects 2 billion yuan liquidity to the banking system via 7-day reverse repo on Monday, while 2 billion yuan reverse repo expires, leaving a net zero injection.

The PBOC cut the yuan’s fixing by 290 pips to 6.7695 per US dollar on Monday, compared to a fixing 6.7405 in the previous trading day.