The People’s Bank of China (PBOC) pumped in CNY200 billion via one-year medium-term lending (MLF) facility on Tuesday.
The Chinese central bank left the rate for one-year MLF operation rate steady for the 12th straight month at 2.95%.
Separately, the central bank injected 10 billion yuan of the 7-day reverse repo at 2.20%.
Market reaction
USD/CNY is off the six-day highs near 6.4060 on the latest PBOC operation. The spot trades at 6.4043, still up 0.12% at the time of writing.
Meanwhile, the AUD/USD pair is attacking the 0.7700 level after RBA minutes came in dovish while the focus shifts to the FOMC decision.