# Chinese Yuan Mixed As PBoC Injects More Liquidity Into Banking System

> The PBOC allocated 200 billion yuan, about $28 billion, through its medium-term lending facility at 2.95% on June 17 to avoid a credit crunch. Analysts said the move was widely anticipated, though slightly more cautious than projected.

- Date: 2020-06-17 · published 2020-06-17T12:00:00.000Z
- Category: macro · region China · magnitude low
- Page: https://feedsoft.ai/events/52833-chinese-yuan-mixed-as-pboc-injects-more-liquidity-into-banking-system
- Commodities: [Chinese Yuan (CNY per USD)](https://feedsoft.ai/c/USDCNY.md)

## Why it matters

Liquidity injections are a monetary policy matter with no direct link to grain or feed supply and demand, so the commodity price impact is minimal.

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| USDCNY | 2020-07-30 | [Chinese Yuan Slips As PBoC Injects Liquidity Into Banking System](https://feedsoft.ai/events/52326-chinese-yuan-slips-as-pboc-injects-liquidity-into-banking-system.md) | -0.9% | -1.7% |
| USDCNY | 2020-04-16 | [Chinese Yuan Weakens As PBoC Pumps More Liquidity Into Economy](https://feedsoft.ai/events/53877-chinese-yuan-weakens-as-pboc-pumps-more-liquidity-into-economy.md) | +0.2% | +0.3% |
| USDCNY | 2020-08-31 | [Chinese Yuan Tests 6.8 As PBoC Injects Liquidity, PMI Expands](https://feedsoft.ai/events/51838-chinese-yuan-tests-6-8-as-pboc-injects-liquidity-pmi-expands.md) | -0.3% | -0.8% |
| USDCNY | 2023-02-27 | [Chinese yuan approaches 7 level as PBOC slashes midpoint rate By Investing.com](https://feedsoft.ai/events/37549-chinese-yuan-approaches-7-level-as-pboc-slashes-midpoint-rate-by-investing-com.md) | -0.7% | -1.3% |
| USDCNY | 2020-02-03 | [China Cuts Rates, Injects Liquidity as Mainland Markets Sink - Bloomberg](https://feedsoft.ai/events/54796-china-cuts-rates-injects-liquidity-as-mainland-markets-sink-bloomberg.md) | +1.2% | +0.6% |

## Sources

- fxdailyreport.com: https://fxdailyreport.com/chinese-yuan-mixed-as-pboc-injects-more-liquidity-into-banking-system/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.