China's Interbank Rates Move Higher Despite PBOC's Cash Injection
Tang Shihua
DATE:  Nov 15 2019
/ SOURCE:  yicai
China's Interbank Rates Move Higher Despite PBOC's Cash Injection China's Interbank Rates Move Higher Despite PBOC's Cash Injection

(Yicai  Global) Nov. 15 --  The Shanghai Interbank Offered Rates continued to climb higher today in  spite of the central bank's fresh injection of CNY200 billion (USD28.5  billion) into the nation's financial system.

The overnight SHIBOR rose  2.70 basis points to 2.6930 percent while the one-week rate was up 5.50  bips to 2.7370 percent. The SHIBOR for three-month loans also ascended  by 2 bips to 3.0200 percent.

Editor: Emmi Laine 

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Keywords:   Interbank Market,SHIBOR,PBOC,Open Market Operation