China's Central Bank Halts Open Market Operations on Friday

China's Central Bank Halts Open Market Operations on Friday

Liao Shumin

Date: Fri, 09/08/2017 - 11:36 / source:Yicai
China's Central Bank Halts Open Market Operations on Friday
China's Central Bank Halts Open Market Operations on Friday

(Yicai Global) Sept.8 -- China's central bank, the People’s Bank of China (PBOC), halted open market operations on Friday, stopping trade of reverse repos, and no reverse repo matured today.

The liquidity in the interbank market is adequate recently, PBOC said, adding that it, therefore, halted open market operations today.

In the interbank market today, short-term interest rates and medium-term interest rates were only marginally down. The overnight “Shanghai Interbank Offered Rate” (SHIBOR) was down 0.46 basis points to 2.6360 percent. The one-week term rate decreased 0.33 basis points to 2.8023 percent. The three-month term rate decreased 0.67 basis points to 4.4281 percent.

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Keywords: pboc, central bank, open market operation, Reverse Repo, Shibor