(Yicai Global) April 22 -- The overnight Shanghai Interbank Offered Rate (Shibor) dropped 10.4 basis points to 2.5570 percent today. 

The seven-day Shibor stood at 22.6540 percent, down 3.8 bips, while the three-month rate was 2.8220 percent, up 0.5 bips.

The country's central bank the People's Bank of China refrained from any reverse repurchase operations today and thus did not pull capital from or add it to the interbank market in a sign PBOC deems its liquidity adequate.
Editor: Ben Armour