China's Central Bank Halts Open Market Operations For Third Day in a Row

China's Central Bank Halts Open Market Operations For Third Day in a Row

Xu Wei

Date: Tue, 09/12/2017 - 12:31 / source:Yicai
China's Central Bank Halts Open Market Operations For Third Day in a Row
China's Central Bank Halts Open Market Operations For Third Day in a Row

(Yicai Global) Sept. 12 -- China's central bank, the People’s Bank of China (PBOC), halted open market operations today, stopping trade of reverse repurchases, and no reverse repos matured today.

 The liquidity in the interbank market has been adequate of late, PBOC said, adding that it accordingly was halting open market operations today.

 This is the 3rd straight day that PBOC stopped open market operations.

 In the interbank market today, the short-term interest rates and medium-term interest rates were mixed, with short-term interest rates up and mid-term rates down. The overnight Shanghai Interbank Offered Rate (SHIBOR) was up 0.43 basis points to 2.6483 percent. The one-week term rate increased 0.22 basis points to 2.8036 percent. The three-month term rate decreased 2.66 basis points to 4.3768 percent.

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