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PBoC Cuts Rate For 7-Day Reverse Repo To 1.9% From 2%
Added at 9:26pm
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#PBOC slashed #yuan's fixing by 286 pips to 7.1498 per dollar on Tue, the weakest since Nov 30, 2022.
— YUAN TALKS (@YuanTalks) June 13, 2023
Added at 9:35pm
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#BREAKING#PBOC cut #rate on reverse repo operation.
— YUAN TALKS (@YuanTalks) June 13, 2023
PBOC injects 2 bn yuan liquidity via 7-day reverse repo on Tue, at a rate of 1.9%, down from previous 2%.
Meanwhile, 2 bn yuan reverse repo expires today, leaving net zero injection.