PBOC Sets Yuan Fix at 6.8167, Injects 11 Billion Yuan via 7-Day Repos
Updated
Updated · TradingView · Jun 1
PBOC Sets Yuan Fix at 6.8167, Injects 11 Billion Yuan via 7-Day Repos
1 articles · Updated · TradingView · Jun 1
Summary
China’s central bank set the daily USD/CNY reference rate at 6.8167, markedly weaker than the 6.7643 market estimate.
The PBOC also added 11 billion yuan of liquidity through 7-day reverse repos while keeping the operation rate unchanged at 1.4%.
That fix still defines the midpoint for onshore yuan trading, which is allowed to move within a 2% band on either side each day.
The combination of a weaker-than-expected fixing and a modest liquidity injection offers a fresh signal on the PBOC’s currency and short-term funding stance.