EL7.AI
ForexMedium•13 November 2026•
1 min read

PBOC Sets Weaker Yuan Fix and Injects 664 Billion Yuan in Liquidity

Key Facts

1The PBOC set the USD/CNY reference rate at 6.7152, weaker than the market estimate of 6.6756.
2The central bank injected a total of 664 billion yuan through overnight and 7-day reverse repurchase operations.

The People's Bank of China set the USD/CNY reference rate at 6.7152, which was weaker than the market estimate of 6.6756. According to reporting from investinglive.com, the central bank injected a total of 664 billion yuan into the financial system through overnight and 7-day reverse repurchase operations.

These measures are intended to manage currency volatility and ensure sufficient liquidity within the banking system. The weaker-than-expected fix signals the central bank's efforts to curb rapid Yuan appreciation, following trade data from November 10, 2026, which showed exports grew by 35.2% and imports rose by 41.6%.

The PBOC is scheduled to announce its decision on the 1-year and 5-year Loan Prime Rates on November 20, 2026. Markets are also awaiting industrial production, retail sales, and unemployment data due on November 16, 2026, to gauge further economic momentum.

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