China's Lending Rates Fall Despite PBOC Suspending Reverse Repurchases for Fifth Day
Zhang Yushuo
/SOURCE : yicai

(Yicai Global) Jan. 11 -- China's interest rates fell today even though the People's Bank of China suspended reverse repos for a fifth straight day and pulled a net CNY110 billion (USD162.6 billion) from the market.

The Overnight Shanghai Interbank Offered Rate (SHIBOR) fell 3.5 basis points to 1.7080 percent. The seven-day rate dropped 3.2 points to 2.5550 percent and the three-month rate was down 2.4 points at 3.0070 percent. 

Editor: William Clegg 

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Keywords: Shibor