PBoC injects CNY 5bln via 7-day reverse repos with the rate maintained at 1.40%
The PBoC's injection of CNY 5 billion through 7-day reverse repos suggests a targeted effort to maintain liquidity in the market while keeping the rate stable at 1.40%.
Israel's ambassador to the UN says the extension of the Lebanon ceasefire is not 100% certain and that Israel is forced to answer every time a threat is detected, Tasnim reports citing CNN
[MARKET ANALYSIS] Crude futures unmoved after Israel-Lebanon ceasefire extension, metal muted
PBoC injects CNY 5bln via 7-day reverse repos with the rate maintained at 1.40%
PBoC sets USD/CNY mid-point at 6.8674 vs exp. 6.8400 (prev. 6.8650)
[CALENDAR ADDITION] US Secretary of State Rubio is to meet EU Trade Commissioner Sefcovic at 10:00EDT / 15:00BST
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This move reflects a cautious approach to support economic activity without signaling a shift in monetary policy, which may influence market sentiment and the CNY's valuation against other currencies in the near term.
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