EL7.AI
ForexMedium•30 October 2026•
1 min read

PBOC Injects 1.015T Yuan Liquidity and Sets Weaker Reference Rate

Key Facts

1The PBOC set the USD/CNY reference rate at 6.7138, significantly weaker than the estimated 6.6548.
2The central bank injected a total of 1.015 trillion yuan in liquidity via 7-day and overnight reverse repurchase operations.

The People's Bank of China (PBOC) set the USD/CNY central parity rate at 6.7138, which was weaker than the estimated 6.6548. According to reports from investinglive.com, the central bank injected a total of 1.015 trillion yuan in liquidity through 7-day and overnight reverse repurchase operations.

These measures by the PBOC are intended to manage currency volatility and ensure sufficient liquidity remains within the banking system. The massive liquidity injection and the weaker-than-expected Yuan fix reflect the central bank's ongoing efforts to support local market stability.

China is scheduled to release its Manufacturing PMI and Non-Manufacturing PMI on October 31, 2026, which will provide further insight into economic performance following these monetary interventions.

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